Cleaning and getting a unit ready for your next guest takes time and energy even if you have a cleaning crew working for you as we do.

Invest the time and energy and funds to learn what I need to learn to get started?  

I too got my start from the energy industry as a code pipe welder.

It was great for energy efficiency.

And yes a 10000 house around here comes with a bullet proof vest haha. 

I have gone to two REIA meetings so far and loved the energy.

Im of the mind that I can use my working time to  search, contact, analyze, etc properties for flips or I can use that time and energy for networking, finding leads, establishing my brand, etc--I do expect this to be somewhat biased as this is a real estate investors website.Look forward to hearing some input on this!

CMHC-insured financing can help open the doors to homeownership by enabling homebuyers to purchase a home with a minimum down payment starting at 5%*.Features Loan-to-value ratios up to 95% for 1 – 2 unit owner-occupied properties.Loan-to-value ratios up to 90% for 3 – 4 unit owner-occupied properties.Down payment flexibility — In addition to traditional sources, non-traditional sources of down payment are permitted for loans with loan-to-value ratios from 90.01% – 95%.Flexible financing options — single advance and progress advances are available.CMHC-insured mortgages are portable — helping to reduce or eliminate the premium on the purchase of a subsequent home.CMHC homeowner mortgage loan insurance is available to a maximum of one property (1 – 4 units) per borrower/co-borrower at any given time.CMHC offers mortgage loan insurance premium refunds for homeowners who purchase an energy-efficient home or purchase and make energy-saving renovations to an existing home.

Don't think that you HAVE to invest in SFH, but if that's what you WANT to do and plan to invest the time/energy to become an expert, I say go for it.Hope this helps!

Do you happen to have any good resources/templates for these types of contracts or is it best just to bite the bullet & have it drafted by an attorney?