@Josh MitchellThat was a very comprehensive answer thank you.

Either they bought really good books or they may not have had a high school reading comprehension level or they didn't want to study, don't know why. :)

If you know of good places to get comprehensive lessons on what formulas I should know, books that teach real-deal laws, rules, etc., please point me in that direction!

Aaron...thanks for the comprehensive answer...final question...how can I get you to crew my rehabs in CO!

Insurance as a vacant house is fairly expensive and not the most comprehensive as well.

According to a NAHB, National association of Home Builders:14 millions households were purchased between 2011 and 2013.11% purchased brand new homes.43% were purchasing their first home.Median age of buyer was 32 years old with income of about $62,000Median age of new home buyers was 40 years with income of about $85,000Median value of homes was $168,000.The median buyer looked at 10 houses before buying.11% bought using cash or zero down financing17% used proceeds from sale of existing house to buy.Full study is at:http://www.nahbclassic.org/generic.aspx?

Hi all,There is tons of info on here about building a team in order to be successful, but I haven't found a comprehensive bullet-ed list. 

Currently the median household income is $76,000 while the median home price just hit $1,000,000 for the first time.

@Gilbert DominguezPart of the concerning trends in Canada, particularly in hyper-markets such as Toronto and Vancouver, is the widening gap between housing prices and household income.  

It also may scar them for the next seven years if they try to repurchase a new home after walking away.Get all the facts and gather as many pieces of the puzzle as possible to try to put together the most comprehensive story of the situation as possible.