There are many neighborhoods that far surpass this number of $836/mo already.... but as more of the urban core neighborhoods continue to undergo development/gentrification/residential growth.....

Is it simply just an I.O.U. and keeping track yourself of who you owe money or does it still require to undergo written contract agreement?

They make 10k to 15k a month for 3 months and spend like fat cats.

If you get an obese person living in the unit, you will need to be good at repairing floors because the floors in them are pressed  sawdust and a fat person will pretty much fall through wherever they step.      

You can understand how it is easy for me to jump to that conclusion.I wish you all the best in achieving whatever goals you decide to pursue.jeff No offence taken, no doubt my wife and I spend too much and could trim the fat a little.

Even with high turnover costs and vacancy they still seem to pencil out.However, on one of the MLS sites (har, realtor, one of them) I saw in the descriptions on one of his units that it was 'undergoing flood damage repair'.

So that was a nice win.Right now, I have my first investment property, that I purchased a few months back, undergoing final stages of the rehab and will then sell it shortly thereafter, which, despite some extraneous costs, should still net me a positive and allow me to purchase something else. 

On the way home I listened to podcast 139 and heard Fat Tony say something that's been on my mind for a few days; "I'm a business man, not a handyman."

The original developers who bought the land and started the whole thing got a big fat goose egg and a lot of grief dealing with initial land buying stages and development.The LLC, umbrella insurance, etc. are just tools.

Glad that I found mine at Royal LePage in Mississauga, where I presently undergo training.