I too am curious to see the difference in approach recommend in the U.S.A versus here in Canada.In Canada, if you hold the property in your name, then it is usually - but not always - a bad idea to take the Capital Cost Allowance {the CRA's fancy term for depreciation} on your taxes.

Units in the same building have sold this year and the end of 2013 at 117,000 - 118,000.I was wondering from you all what are some terms of the agreement that are going to be most favorable to me in the form of financing and long term planning... purchase option after 2- years versus 3 years?

How many days on the market for the staged versus unstaged?

I think you still have to consider the return you can get by investing your disposable cash versus the interest you are paying on the existing debt.

Some think getting here a 7 cap or 8 cap is a grand slam versus where they live.

Here are a few comments to your questions: PROSYou will often find better markets to invest in.You will often find better cash-flow, cap rates, and overall returns.Can save you a lot of time determining the right market for you.Typically hassle-free investing versus finding and rehabbing your own properties, assembling a teams, and coordinating from a distance.The right company can provide you with everything you need including education, properties, lenders, management, inspectors, etc.CONSChoose the right company that understands what you're looking for and has experience in delivering on it otherwise you will still be doing a lot of the work yourself, and you may get less than your bargained for.Turnkey properties are typically prices at or slightly less than fair market value in the seller's markets today, so you are not going to get the discount you once could a few years ago, or by taking on the entire find-buy-fix-manage process.SERVICESServices vary greatly between turnkey companies.On one end of the spectrum you have basic providers of property and nothing more.

@Wayne Brooks Regionally, there are difference, around here most condos are townhouse style, side by side versus garden apartment style with units above and below each other.

Hi All,

Let me start with the end in mind: I will produce a $20,000 per month passive income and $5,000,0000 net worth by March 11 of 2019.

1. I have some money to invest starting out 20k- 50k.

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With a 2 bed you can do many things with that space to make it still work.There are some 3 beds in the area here and I have even seen 4 beds but rare and those command a little more rent but not much versus the extra space they take up.

There have been several long debates on the forums about good debt versus bad debt.