I have been poor very poor living off food banks and pawning items just to eat for a day and do it again.

I served 21 years, retired in 2008.

I have started the process to sue for rent ( waiting sammons to be served via certified mail, Sheriff office is backed up).

Next week talking with financial advisor to move from a broad approach to more food or consumer perishable goods, medical portfolio.  

That “DIY spirit” and willingness to dive into hard work will undoubtedly serve you well as you grow your portfolio.This is a great space to connect, learn, and share experiences.

: I understand that there is commercial and residential, but there has got to be subgroups While I don't think you need to niche down immediately, some specializations in residential RE are:- Co-op- Condo (incl. luxury)- SFR (median pricepoint)- SFR Luxury- MFR- RentalsThere are a ton of commercial RE specializations including retail (various types), restaurant, other food/bev., warehouse, storage, and dozens more.What should I expect when first coming into the profession ?

You must know the culture and the understand the community you want to serve.

However, if your mortgage allows open prepayment to an annual limit and/or an annual payment increase (as do most fixed mortgages in Canada), then borrowing from the LoC to prepay the mortgage serves little purpose unless your LoC was on better terms than the mortgage.  

I think you are best served to get the best advice and that is what will make your business work much better than the ones who don't care about the regulations.

I’d argue that a mix of custom and arcane, broker-serving laws sustains current practice, not market demand like for Delta tickets or Colgate toothpaste.