The hang up is getting deals formally drawn up.One idea:- I buy the property and pay 25% DP, then they provide capital after the closing and I pay them P&I over 5-10 years.

I’m currently active on BiggerPockets to connect with like-minded investors, exchange ideas, explore potential opportunities, and provide opportunities through my network to collaborate with others.

So the whole idea that $109mnth is some "big incentive" to do nothing is just FAKE-NEWS.

I have heard that it's a good idea to form an LLC as an added layer of liability protection.

This can give you an idea of their reputation and reliability.2.

You can contact some local property managers and get a better idea of the rental market.

Hey, here's a weird idea.

Its also a good idea to keep any receipts (I use a google drive folder, they have a scan function that makes uploading receipts a breeze)

Quote from @Rachel Jane: First post, no idea what I’m doing, lolMy grandfather passed away and left me his condo, which is fully paid off (and located in a seniors residence) It’s worth approx $500,000 (CAD).

Because you're new, it is a good idea to ask about the brokerage's agent training offerings and potential teams to join to get experience.