[I think someone else provided an example of this case earlier]-Now provided you do qualify for purchasing a house (4 units or less), you will have no problem qualifying for a mortgage with a Schedule 1 bank as long as you provide the down payment (35% minimum of purchase price) and confirm proof of fund and the source of it- On the proof and source of funds, the banks would want to see an income enough to cover the mortgage payment and other expenses. and in some cases, they would want to make sure they know how you're going to cover your expenses (housing, heating, etc..) where you live.This is usually where it gets annoying for some folks but if you can satisfy this, you should be able to qualify for a mortgage just likely any Canadian tax resident, albeit you will pay a little more in terms of interest rate, etc.

I have my own thoughts on what the differences are, but I am biased so I'm curious -- as a listener to both shows what do you think differentiates the two (or should differentiate the two?).

I think most investors want to win on more than just the interest rate.

Numerous times I have been able to think through an issues that arose on a construction site and saved the Owner by proposing an alternate route to resolve it. 

I don't even think its worth a sub-toSounds like you spoke to collections (who will tell you anything to get money) and not loss mitigation, as paying back due balances are NEVER part of a short sale.

I would also think twice about selling if you're in CA.

It's a big reason to think about estate planning, trusts, or just selling the house on your own. 

We have our primary In a trust but thinking if it's a good idea to buy the rental in a trust as well.

Everyone THINKS they’d be happy being a “full time” investor, but I’ve seen many go into depression when they’re alone working out of a home office and they don’t have the comraderie, social interaction, and discipline of a daily job routine. 

Hey Erik, In my opinion, I don't think any amount of money paying for a group would ever be worth it.