I'm hoping to connect with like-minded people in the Toronto Area (or elsewhere) just to bounce ideas off and hopefully to connect with some great realtors or wholesalers that can help me find that Giant Diamond in the Rough to start the ball rolling. 

The only time I've ever exercised bad judgement with tenants, is when I've been desperate. 

Since she's so early in her lease, I think benefit of the doubt needs to be exercised.  

It's a good exercise, and it should get you thinking and talking about your business, the directions you want to head, and how you're going to get there.

Anything above 4 units is commercial property, and still may cash flow better, but this is a whole other ball game not advised for newbies in SoCal.6) Short term rentals.

Do any of you use a ball-park factor when buying properties with vacancies?

I do not believe in the mantra of 'Once in a life time deal'....such beliefs blind us from exercising caution in our everyday endeavor.My one centGoodluck and happy investing....

I understand most counties provide this information, so it'll be a very good exercise for future expansion.Appreciate your input, have a great week ahead!

My mortgage broker and I dropped the ball.  

Remember to exercise caution when looking for "the quickest" way to make a profit.