Where do we send the flowers.PS: for those unfamiliar with income investment properties paying down a mortgage does not increase cash flow it simply shifts it to a return on equity.

shift to a longer horizon and evaluate yearly whether it is time to sell or not.  

Preservation societies are a good place to learn.

The risk then shifts very heavily to getting all local municipal entitlements and then being able to execute the project within budget.From a lender's perspective we are going to look for experience in the developer to get the project done on time and within budget as well as any firm commitments to lease the property.

You're right in that there's a mental shift that takes place.

@Troy DurretteDepending on how you structure your LLC (talk to a lawyer or CPA) all the tax burden is shifted to the partners.

During the inspection there were a couple red flags that they found;- The foundation has cracked and shifted a little in 4 places.

good luck, I have a friend working near Pensacola right now making a killing doing flips and has been for 3 years. this market can't last forever so be ready to shift your focus in a few years when things start to tighten

The good news is there's a secret society of investors who work in the same industry and probably the same building as you!

Thanks to the further economic polarization of Canadian society, a, perhaps larger, subset of today's students are going to university with largess in the financial support department and will pay 1100 - 1500/month for a 2-bedroom (each room with its own bath).