Now converting to rental for a positive cash flow of $1500/mn, continuing to build portfolio, and developing land home sits on (zoned for 40 units).  

All of their good developers left when they created LibreOffice.

I want to develop a good mindset and theory early on so I can be comfortable with my plan and follow through!

You can identify the two highest retail price ranges, in greatest demand, per zip code where you can list the rehabbed property.You can use the Realtor to help you find deals and also use Wholesalers.

I've made the decision to move ahead and really start developing a business plan/strategy and to begin engaging with the BiggerPockets community and my local REI community.

Right now we're looking near the Lougheed mall because there is another huge development going in there in the next few years and it's near transit.  

I personally operated, managed and was part of a grounds up storage development.

"the 2 zip codes you have identified for the most part are solid "B" class, but there are "C" class for sure within those zip does, especially in the multifamily space.

It's usually identified as a non-market family or non-market trust transfer.

These are the things you can identify while chatting about RE.In short, you figure out the numbers based on the market and what you can do.