In hindsight, even with all the mistakes, I would have made a healthy profit if I had been able (financially and mentally) to hold out for a better market.

Tyson:Manage your properties professionally (keep them safe and in good repair) and carry insurance with a healthy liability coverage (i.e. minimum $2M).Canada is not as litigious an environment as in the U.S.A. and our court system {thus far} has not supported the "get rich via lawsuit" awards you read about to our south.

A healthy 401k works, which is why some REI have never even heard of the concept (because it was never an issue for them thanks to their healthy retirement savings). 

I do have twins on the way and just curious how time consuming this will all be and is it a healthy time to dive into a flip.

The current housing market is healthy.  

So that should be a healthy margin to pay the bank every month (making money on the principal pay down), multiple any appreciation in the market by 4, take a huge tax right off in depreciation and mortgage interest and still have some healthy cash flow.Mike

Love a healthy debate.

I have a business that has been spinning off very healthy profits yearly (about 51% net on 2mil) and that has helped me cover all the reserves required for carrying both mortgages.So.. 

Many of the firms have just raised new funds, so they have lots of dry powder which they'll focus on their existing companies first, to ensure they are healthy and well capitalized.

Goals:Since I'm living paycheck to paycheck I am have to be realistic and know I can put a down payment down or invest with buy and hold so heres my plan while saving* Now- The 4 hours I am driving a Mon - Fri I listen to all the books mentioned in the Bp podcast- Re-Listen to all Bp podcasts (I've listened to them all once already)- Attend Every Bp webcast- Invite an investor to lunch one saturday a month- Interact with Bp Members and get as much Mentoring as possible- Networking Cards* Mid Range (3 months and on)- Possibly partner with anyone needing some help with wholesaling or flipping- even though REI's are product driven i'd like to think there's opportunity so I will go to meetups and attend REIA whenever possible* Long (3-12 months)- Start wholesaling (ETHICALLY) to build rapport and relationships in the industry- Create a plan for networking/marketing/advertising- Utilize the earnings to put down on a Renovation for either resale or rental- Create systems that scale my business wholesaling, flips and investments for a healthy growth- Utilize FHA and get duplex * 10x Moon Shot by 2022!