I wrote the above for informational purposes.

Is this problem solver method a lot better than reaching out to sellers as an investor looking to come in with the sole purpose of making a profit?

One of the main reasons why I want to do real estate is because after losing my job last because to a merger, I wanted to have another way to provide for my family and to reach financial independence one day.My goal is to become a buy and hold investor, buying duplexes and multi-families in my area and possibly out of state. 

Ah, loving this thread with all the speculation regarding the AU NZ and Canadian property market :)Having been a property investor and developer here in Australia for over 15 years, I can attest that the market is extremely expensive, mainly in the east coast capitals (Melbourne, Sydney particularly) and the rental returns on residential are quite low, I can also assure you there is no "imminent" collapse  just around the corner. 

I agree with @Bjorn Ahlblad that finding a salvage group that can re-purpose some of the material would be a good idea too.

The signage is on top of the building facade facing the main traffic area and is the only one on the building.

Most claimed turn keys are rentable but mainly on borrowed time with mechanicals, kitchens etc all aged and due for replacement. 

I am mainly interested in small multi-family properties (2-15 units) with value add potential.

There are 2 main ways to "fined a mentor"1.

And of course done correctly you get stepped up basis for tax purposes then you can sell and not pay huge gains.. although you will have to talk to CPA about recapture.. or you do what a lot of folks do and 1031.. or you just live with the comfort of knowing you have millions upon millions of free and clear real estate. your grand dad is one smart guy ..