Here are some key elements to include:Lease Agreements: Ensure your contracts reflect the latest laws, such as notice periods for entry or rules around security deposits.Fair Housing Compliance: Familiarize yourself with federal, state, and local fair housing laws to avoid discriminatory practices.Property Standards: Regularly inspect your properties to ensure they meet safety and habitability standards.Tax Documentation: Keep accurate records to comply with tax reporting requirements.4.

@Keetaek HongYou're thinking strategically, which is key!

Staying updated and having a good insurance broker is now a key part of your core five (4+1).

On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

One of the key challenges I’m facing is understanding the financing options available to someone without Canadian residency or a local credit history.From my research, it seems that a 35% down payment is often required, with interest rates around 7.5-8.5% for non-residents.

Sellers who are in financial distress or dealing with a property in poor condition might be more open to this type of arrangement if it helps them get back on their feet.The key to making this work is transparency and clear communication.

Success in this field doesn’t happen overnight—it requires years of strategic investing, continuous education, and persistence.The key is to focus on growing markets, quality neighborhoods, and building a strong support team.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

When I had my own real estate practice, I advised landlords on tenant issues, negotiated cash for keys, and filed evictions. 

I did a lot of business with the San Jose RIA and the old owner she sold to a turn key provider.. the turn key provider wants the SJ RIA for profit and to sell her product of that I have no doubt. and the bigger turn key providers in the mid west spent a bunch of bucks getting into her RIA and being allowed to present they spent it in the form of adverts in her magazine...