I also played sports during my college career (swimming), nationally and internationally.

Then there was the whole sequence of massive law suits resulting in the new tax code adjustments which were only finalized in 96. 

Discipline of registering expenses as they occur.There are other software suites that charge and have more complexity. 

You may be best suited finding a partner with experience first, money second, and maybe you could find someone who is both.

Here's what I focus on:- buy properties where I can add value (reno, add second suites, etc.)- ensure the ARV makes sense for that area - have a damn good mortgage agent (someone who's an investor themselves - there's quite a few out there)

.- 1% fee realtor website (bodecanada) - this is pretty new and I start to put my property there- rent out to tenants - this is what I am doing nowMy property is half duplex with illegal walk out basement suite so I rent out upstairs for $1200 and basement for $700.

The question you need to ask yourself is if they are suit worthy.

I am thinking that it had 2 bedrooms originally and they then closed off part of the living room area to add the master suite.

It seems like the living room was walled off to create the master suite.

Im sure its a safe area in terms of finding renters but i assume the rates would be low to suit the students who live here!