If its only breaking even, that may be shaky grounds to cash out if your intention isn't to stay there.Hope that helps.Rafael

But hey, I want to do a little more than break even and get one under my belt.I'm also trying to talk to a different seller who lives in a pre-1985 2/1, owes about $700 in taxes (no lien), and is asking $4000.  

If the market tanks in a few years, are you going to be able to make your payments and at least break even or better- still have positive cash flow?

Then they added a message from our sponsor at the beginning I believe awhile back.So now Daren you are saying they take breaks every so many minutes like a radio show and have commercials??

I have a difficult time comprehending things when there is no set time spent breaking down one concept to another.

If you can get in 2 properties that break even at the end of your 5 year mortgage term your pay down and appreciation will be fantastic, versus a couple extra bucks you saved from paying the CMHC with 20 down.Do some homework first, if you can't qualify for a second property with your leftover down payment consider reducing the CMHC and interest with the full 20% down.

.- I do not wish to conduct a 1031 exchange, preferring to deploy the profits in stock market investments at this time.Are there any other kinds of significant tax breaks that might be available? 

So, here I am breaking out of my shell and posting here to get my story and intentions out for others to see.I have read much about creative financing to get a deal funded, whether it is owner or seller financing to subject to and even hard money, which I discovered that really is not the way to go unless there is no other way to fund the deal.

Renting the wrong place costs you a month or two of rent to break the lease, or a little aggravation while you live out the lease.

I think that wholesaling is actually a pretty hard niche to break.