I sat out the boom bust since 2008 and focused on returning to full health after a spine injury.

I’m hoping that once I do have enough saved I can buy the second property and continue house hacking.Something like this: https://www.realtor.com/realestateandhomes-detail/2574-W-Fai...? 

Sit down with a 1032 Accommodator and have them explain the details of a 1031.   

What specific details do you look for in a lead (e.g., financial info, property condition)?

I’ve come across details regarding the Prohibition on the Purchase of Residential Property by Non-Canadians Act, and it seems there are exceptions for buyers with a valid work permit or for properties outside Census Metropolitan Areas (CMA) or Census Agglomerations (CA).Do you know if certain types of work permits are more favorable for this purpose?

Have you obtained any detailed cost/benefit analysis quote?

It’s always a good idea to document the conversation too, even if it’s just jotting down the details for your records.If they don’t take the warning seriously, you’ve got options.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Residential investing is not rocket science, knowledge is not the issue: there are many good books out there that walk you through every detail you need to know.

This type of deal can also help you minimize upfront costs, as you’re reducing the cash needed to buy the property outright by aligning the seller’s financial outcome with yours.While there may be details to work through, such as crafting a solid contract or ensuring alignment with any financing you bring in, these can be easily addressed with the right team in place.