I am going to assume that every market is different so that may not be the case in other areas.

Worst case they get annoyed and leave, which is really best case in my opinion.

While you will find lots of information and experience in these forums, keep in mind that while much of it has universal application, some is very U.S.A. specific (particularly in the areas of finance, regulation and taxation).Case-in-point are the calculators on BP - while they can be a valuable tool even for a Canadian investor (though the buy-and-hold calculator misrepresents vacancy and mortgage principal as expenses), you would need to know how to "adjust" the financing side to align with mortgages in Canada.As far as jumping into your first acquisition, you are close enough to the Big Smoke that I would anticipate real estate prices to be very full in the Orangeville / Purple Hill area, so taking your time to educate yourself and be comfortable with the process is not a bad thing.

@Dan P.I see this as the case in some properties, but I wouldn't say that is the prevailing rule.

Incomes are strong.We aren't tied to a single manufacturing company like may be the case in more rural areas.

Hi Jordan, I’m going to start off by saying that I do not consider myself a real estate investor and I’m just offering my insight to your question.Here in Colorado, it is common to use title companies to close real estate transactions, and I am not sure if that’s the case in your location.However, title companies here have a wealth of information that can be used by people who are interested in the real estate industry.For example, I receive weekly emails from a local title company with lots of information, news, and statistics.That information also includes foreclosure data and upcoming auctions.I would also advise you to learn the foreclosure rules and laws in your area to prevent any legal problems and continue to learn as much as you can about real estate and foreclosures.

This wasn't the case in the beginning-- I'd give people multiple chances which accomplished nothing but increasing my stress level, delaying the renovation, and costing me more money.#3 Build a reno "book".

Also I would like to use all the approved funds case in point 200k, I would withdraw all the available funds and use enough for the deal(s) and leave enough left to pay the monthly payments in case the rehab(s) take longer than anticipated.

Case in point: I am reading a real estate economists' blog this AM and the thing is littered with spam comments seeking to get backlinks for a well known real estate personality.

I am in the middle of a LONG Probate case in California.