With no RE background and a full time job I was still able to create the right entity I needed, develop a powerful tax strategy, found a partner to invest with, and about to close on a rehab where we will both make $25k+.

Background: Im a urologist from Canada.

Personal background: Married with no kids, 100% debt free, live a rather tame lifestyle and don't spend large amounts of money, two newer vehicles (2020 & 2024) so no vehicle purchases expected for the next 10 years. 

(If they are an adult you should have already done a background check on them.) you could also renew them at the higher rate on a MTM term in case the payment issues continue.

With your CPA background and audit experience, you already have a strong foundation for analyzing deals and understanding the financial side of real estate—a huge advantage as you dive into this new journey.

Having a loan in technical default on their books is very bad from the regulatory perspective.

Start with a single family home at areas where I could afford and have a stable cashflow    Pros: Easier to manage    Cons: Would have no equity to invest in my second propertySome background about myself:Have a full-time job ($190K a year income).

I'm not a realtor, just am trying to invest in properties (mostly furnished rentals) here and there, with a background heavily in IT.

Your construction background is a huge asset—it’s a perfect match for real estate investing.

Technically, those sleeping over 12 built after 2016 are putting themselves in a legally liable situation if something happens as insurance companies may not cover them.