And smaller fires through the years then 4 years ago or so right after the big PGA event at Silverado it went up again this time though it got into Silverado itself and 200 plus homes destroyed many were friends and fellow club members.. 1 mil plus homes all of them. 

In Canada, the 5 Big Banks have the most outstanding mortgages and foreclosures.If the banks dumped all the foreclosures on the market at once, they would destroy the collateral on their remaining good mortgages.For that reason, the banks Control the (slow) Flow of Foreclosures into the Calgary Real Estate Market.One thing to remember about Foreclosures - Foreclosures are not a property type, it is a Seller Type.Better to find MOTIVATED SELLERS than chase foreclosure sellers in Calgary.

At the end of the day location dictates max rent more-so than any other factor, and tenants will just destroy high-end stuff anyway so I’d stick with materials that are as low-cost and as durable as possible (luxury vinyl plank flooring, laminate counter tops, contractor-grade fixtures, simple appliances, etc.).

Towards thee I roll, thou all-destroying but unconquering whale; to the last I grapple with thee; from hell's heart I stab at thee; for hate's sake I spit my last breath at thee.

It will destroy your DTI and limit your ability to save for a house.

Our house was completely restored to new condition and thoroughly documented prior to the tenants moving in and now half of it is destroyed. 

Greed destroys relationships!! 

My first flip was a flop and I made 4k - essentially nothing and spent 1.5 years of headaches and TONS of time.I'm on my second flip which I hope to make some money next spring, praying Fed doesn't hike between then again and destroy the market.I really like the 70% rule but it's unreasonable these days unless you're talking about high end illiquid markets, 15% is more realistic.

The deal braker in AC is the flood insurance on some homes destroys any possibility of cash flow Still a lot of condo's for good sales or Auction property if you have all cash

Pets are a personal decision, you can increase the rent by $50ish/ month and keep that but they also create lots of noise, almost always have accidents in the house destroying flooring, tri and doors, and create extra messes that have to be remediated when tenants move out.