There is a fine line between capital gains and business income as a real estate professional licensed and unlicensed in Ontario and if you have a good enough accounting firm backing you, you can get away with business income being taxed vs capital gain on disposal of property.

A lot of first timers try to keep costs as low as possible by leaving in items that are 'good enough' but it ends up costing them later.

Melissa, let me point out that "RE Investors" as a whole have been given negative reps from the media and the like, that does not mean none of us should invest because of it, better yet, do it right and change the negative stuff to positive.Wholesaling is not easy and in this competitive market, you really have to find a niche and work hard to get deals that are good enough to sell at a price above your contract price to a rehab investor.Don't let the warnings and negative issues stop you, just keep in mind what to do and what not to.This thread is not to discourage wholesaling, rather, how to do it right.

As much as I would really love to, my spanish isn't good enough sadly.

I mean it would seem like 100 reasons ha, but to me, none of them are good enough for me to avoid them altogether. 

I never felt good enough just going with the accepting the rental agreement by booking method.  

Or perhaps real estate is a good enough investment that I can continue with some suboptimal mindsets and still prosper.

I still haven't been able to secure any private money and my credit is not good enough to borrow from a bank.

Am I setting my expectations too high or is just setting up a lockbox good enough?

The main reason I'd be concerned with bad credit as a HML is worrying the borrower won't have good enough credit to refi me out in the event he can't sell.