One more reason why people should stop looking for the easy path to building wealth.Increase earnings, reduce expenses, save, and invest.

I had an experience with a terrible tenant who reported me for a bogus claim but by making the claim it allowed me to gain access needed to get photos of the condition of the property, and then the tenant refused to allow maintenance people in which really helped prove my side of the situation.If possible, explore alternative dispute resolution options like offering the tenants a cash-for-keys agreement.

Nothing worth it is every easy when you start out....if it seems too good to be true, it probably is. 

I agree, its easy to say oh I want cash flow, but ultimately, most of the gains are made with appreciation and principal paydown over long periods of time. 

Prohibited Transactions: Avoid transactions with "disqualified persons" (yourself, family, etc.).Alternatively, consider leveraging a HELOC (Home Equity Line of Credit) to access capital for investments.

The license (if you aren't going to use it to sell) is worth it for access to the MLS and access to dumps the first day they on the market.

.- My advice; however, is to work with a good mortgage broker as they often have access to more lenders (B or C lenders) that might be more flexible than the 5 big banks.- Finally where to buy: in general, ON, BC are expensive while AB, QC follows and other provinces, such NB, NS, PEI are much much more affordable.

Very easy to get pulled into a bad property or an area you’re not comfortable with by listening to the wrong people.

This isn't easy to measure directly.

That was my fear no easy type loan like a Heloc.