Sounds like I'm a little late for your original post, but I'd be happy to help in any way I can.

It sounds from your comment, "originally the lots were sold as tract lots", that it may be a sub division as a PUD will most likely have been built in unison with all the homes being close to the same age and from the same manufacturer/s.

The issue is that flip transactions are considered a trade or business activity, and if a tax exempt entity like an IRA engages in a business on a regular or repeated basis, then there is a tax known as UBIT that applies to the gains from such business income.

Sounds terrible and encouraging at the same time.  

Just found out that the maximum allowable Rent is 3.7% In BC does that sound About right?

Sounds like you have a great background to get into REI.

@Adrienne Bryson That's awesome to hear @Michael McDevitt sounds like the normal timeline, and that's exactly what I plan on doing in between deciding and actually landing my first deal.

Thanks for being a sounding board.It's a two car garage, and I don't have measurements, but it should ballpark ~25'X30', maybe?

Power wash it then decide if it's sound enough to just spray with a good coat of exterior paint, easy spray paint job top to bottom inside & out. .. touch up trim with a accent different color.. it's cute. 

Account Closed That sounds about right for a small house with a granny flat in that area - I wouldn't say it's overpriced.