I prefer Atlas Shrugged to The Fountainhead.

IMO I wouldn't major in real estate but I think if you want a leg up on others I would major in business or a niche within business.

Deep discounts to market value are possible, but, in our experience, rare {most markets in Canada are small enough that inventory levels are moderate and there is no need to dump the property}.Lenders - particularly the Big 5 banks - tend to prefer Power of Sale as it's more cost effective for them: No/less legal expense; they do not need to maintain the property while it is for sale; the owner/borrow is motivated to get the best price possible for the property (and not to trash it); and, if the property sells for less than the note, the borrow is still on the hook for the balance.

I prefer deals where all partners have skin in the game.

BP has people in every conceivable niche, with real time help.

Personally, I won't look at anything that would rent for less than $400/month bare minimum and I prefer $500/month or more.

@Shawn BeersWelcome don't forget to complete your profile.You might consider Niche or Specialized Housing like student housing or vacation rentals.

I also prefer to break down goals into achievable tasks.

If the seller is managing, you want to see receipts as back-up.If you're investing $100,000, you need another $10,000 in cash as a cushion, as an absolute minimum; I prefer double that.

Only some that don't suffer from the high ceiling syndrome are equiped with HVAC.Mike:It's an interesting niche because there's a lot of inventory, but not many buyers.