My first action would be to immedately install sealed ten year lithium battery smoke alarms throughout the property and institute a frequent inspection program to ensure that they are not interfered with.

For a pure buy and hold investment strategy, looking at the numbers (capital value and rental yields), I assume it will be easier to find deals in Saint John as compared to Calgary.

Like if its a 4-20 unit building near Clark Park, rents are nice building is cheap...From a pure numbers stand point.

@Jerome Hranka you need an economic reason other than pure tax avoidance in order to substantiate a strategy.

Looks like gas prices do affect SUV and Truck sales...apparently microeconomics beats sound bites...http://money.cnn.com/2015/12/04/autos/gas-prices-s...Yeah but in the upper segment of the market, as with lambos and ferrari’s Or even 100k plus cars I bet pure cost of “gas,” is very ineleastic and not really factored in at all as a buying decision other than the inconvenience oh having to fill up.In the lower to mid tiers of vehicles the cost of gas is probably a big deal because there is more of a budget to adhere to.

Plumbing issues, oil heat and who is responsible if they let the tank run dry, batteries in smoke and CO detectors....

I'm now looking to add my first pure investment property to my portfolio.

If you are ready to jump (financials ready to go) then when a good property comes up you can close quickly based purely on the home not on your ability to pay for it. 

Hello All,I just joined BiggerPockets and am excited to introduce myself to the group, in hopes of building new and lasting partnerships, whether they be purely friendly and/or partnership oriented.  

I missed out on thousands in revenue when I first started by using Airbnb's smart pricing tool-Put a lock box somewhere on the property for when your digital lock runs out of batteries or malfunctionsHope this helps!