@Evan Polaski That is also part of my thought process beyond just the numbers on the P&L (more intangible aspects).

Welcome to BiggerPockets, @Evan Simons.We have a general Real Estate in Canada forum as well as a specific Ontario forum.

Originally posted by @Ross Denman:I think extra bathrooms are important.

should have called me I grew up in the land business.. this stuff is old as the hills.and not much too it.. write letters to buy land in areas that were subdivided years ago and bought as recreational land  ( see movie Glenn Garry Glenn Ross )  then advertise it for sale with LOW down owner carry.. that's the game.. expect 30 to 50% defaults and rinse repeat.Now my dad when he did it bought most of his at tax sales 300 to 500 parcels at a sale.. then would have 3 day event and sell them all for cash.. he would buy them for say 50 to 200 a parcel and sell them for 795 to 1295 a parcel.. but he did volume and that was in the 60's  and early 70s..

On top of that, there is going to be heavy work performed by several different people who have access to the property which also increases risk of trouble.Obviously insurance is a necessary evil, but I am sure glad it is available on these properties (evan at a high cost) because of all of my investor's cash that is sunk into them.

Ross

Hello everyone my name is Evan, I am currently a sophomore in high school and I joined BiggerPockets hoping to get some good advice on how I could start getting into real estate at an early age and how I should go about accomplishing this task.

Thanks Ross for the reply.

@Evan Salvador The properties I'm looking at are typically commercial multifamily so it's simple to look at gross annual rents and (for first blush) assume that I'll end up with 50% NOI.  

Evan, I'm envious of your good renters.