I was a passive "ride along."

The rocket-ride in Toronto will absolutely come to an end, but whether it goes supernova or simply fizzles out (the theoretical soft landing) remains to be seen.While I am not in disagreement with your expressed sentiment for Toronto  - I personally won't go near it ... and likely won't even following a correction unless it is significant (25% or more),  I do find your statements of Canadian real estate financing to be somewhat misinformed - or perhaps distorted as a result of viewing them through a U.S.A. context.There have been corrections and crashes in Canadian real estate markets before which have left owners underwater, yet they have still been able to renew their mortgage financing ... if significantly underwater, and owner could be asked to bring more capital to the table at renewal, though this is historically rare.   

@Paul ChoiI'm biased in LV market with multi's, and will ride it until it starts to get wobbly.

In other words, your cash can't just stop there...or you are losing.Whether you ride the note or the property bus, the money must be moving in and out of the different buses, and every time you get off you have to take a new "friend" with you...in the form of cash profit or cash flow.That's the real secret to building cash flow fast....keep your seed money moving through one vehicle through the next...and not stopping in any of them to enjoy the view.  

Suggest you give your self 12 months and make real estate work... this is the best time to build your operation and once you make it you will ride the upside better then anyone else..

cut costs  No capital improvements just maintain stop distributions only pay fixed debt.. in other words get lean and mean.. and ride through the heavy seas..

Some buy 3 cars for 10k each in a Cali city and rent them out for 30% more cash flow. ( relay-rides).

This turnover has been the first point of turbulence in what has otherwise been a smooth ride, but hopefully it will be resolved soon and a new tenant will come on board.Hope this helps!

We have a bumpy ride ahead.

It was definitely an exciting ride, but we are really glad that we didn’t buy a house here and now never have to worry about having enough money or making an income or stuff like that.Bill and Francine were looking at Uzma and Hubby for several minutes in stunned silence.