For example, for a 500,000 purchase, the Land Transfer Tax would be approximately 6,475 while if the same house was purchased in the City of Toronto, expect to be charged about 12,950.And as a foreign buyer, a premium would be added: I really don't know the numbers here anymore, consult with a Real Estate lawyer for an estimate here.- Work Permit ?

Hey@Adrian Sopher Is your mom's house in Nashville?

So back to being a real estate investor: the only way to be one is to buy a property and create value out of it, whether through finding a below market value house and selling for a profit, or renting and creating cash flow.  

But I bought 3 more houses with the cash and now cash flowing $3000/month vs only $1200/month with that one paid off house.

As you begin you REI journey here is a piece of advicecheck out this website for a great over view of a city https://www.areavibes.com/This website gives you a total livability score and you can see things like crime rate, housing, walking score and more.Best of luck!

I had some success in doing a house hack short term rental with my first property and wanted to continue growing my portfolio.

By the time it was all over, the court fees, attorney fees ate up the entire EMD and then some --- this seller never intended to sell the house. 

@Shane Regnier I've flipped a bunch of houses in Ocala but have yet to dabble in the rental market. 

Purchase price: $341,000 Cash invested: $136,000 Sale price: $519,000 A house that I bought, renovated, and sold.

Attend local builder associations or networking events, and focus on small contractors or businesses without in-house permit expertise.Highlight how you save time and ensure compliance—it’s a big value-add.