@Drew SygitOh, I forgot to ask - any free tool recommendations for determining the various classes of neighborhoods in different regions?

* Finally, could you recommend any valuable tools or learning resources?

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

They tend to cost more to construct then they add in value, they are generally more valuable for a property you are holding as a way to generate more income.

When evaluating a potential real estate investment, both the Debt Service Coverage Ratio (DSCR) and the 50% Rule can be helpful tools.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Starting with one property is a smart way to learn the ropes, and as you grow, networking with local agents and other investors can be invaluable.

Even still, it could be said that I've still lost money due to my time on the tools instead of prospecting as a real estate agent (the cost of lost opportunity).If you can truly do 80%-90% of the work yourself (at acceptable quality levels) and you aren't sacrificing your time where you can get better returns for your efforts, then yes, it can work even up here in Canada.

What property management software or tools would you recommend for tracking rent payments, leases, and maintenance requests?

There are many tools out there.