As you said, lack of jobs; therefore, lack of growth and demand will stay flat, even if someone overbuilds the market.I prefer to invest in areas where solid growth is likely so that demand will stay strong even as other players enter the market. 

That will allow him to leverage the skills he already has in construction management, learn the business that you want to build and to be exposed to players in the space that you want to be in.

Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.

But your financial picture is a key player in how much, and when you should invest in real estate. 

You will also learn the players in your area who may also be willing to coach/mentor you.

Or do the TK guys play in that market...We don't have a lot of strong turn key players here.  

On the one hand, the flipper is a little guy and can be prone to overestimate ARV and underestimate rehab costs (though this is mitigated by understanding the market), and the real estate fund is a big player with more resources.  

Its pert near impossible unless you have millions and want to buy your way in by making no money on the first 10 or so .. as you prove to the cash up regulars that your a player

Fortunately, there are several Canadians present who can help out with questions about financing, regulation and taxation here at home.You might want to read some of @J Scott's posts and see how a misspent youth as a professional poker player can land you in the midst of a flipping business.

It's great to meet some of the local players.