This really isn't rocket science.   

Property management is not rocket science.

Buying a small residential building ain't brain science, or rocket surgery.Even if you want to have a written business plan, why on earth would you need to decide on what sort of entity you want before committing anything to paper?

Its not rocket science. 

@George Lopez - it's not rocket science, but it is difficult.  

No sense in tying up your capital and having to pay into the property on top of that.Disclaimer: I'm newbie investor but it doesn't take a rocket scientist to do basic arithmetic.  

It smells, my BS Meter is going off, red rockets are going off with red flags waving!

I've been investing out of state for 11 years and it's not 'rocket science'.  ;-)Continued success!

I know in the past couple years housing prices have rocketed up in Saskatoon due to mine expansions etc, but they seem to have tailed off and both Uranium and Potash seem to have slowed their growth a bit and the oil price drop has effected some of their central and southern jobs as well (Estevan and Kindersley areas).It certainly seems as though the Calgary market is flooded with sales and few purchases since January, but my thought there was there could be potential for finding a better deal if properties are not moving.

I have both 4-plex (2 bedrooms per unit) valued at around $200k and 6-plex (1 bedroom per unit) valued at around $220k properties near McAllen TX and the insurance premium has been sky rocketing the past several years.