What is an acceptable monthly cash flow to you?

First of all the HOA fees eat up a lot of the cash flow, oftentimes down to a non-acceptable cash-on-cash return, making finding condos that do cash flow appropriately more difficult to find...and that's until the HOA doesn't up the fees.Second of all, so many of the condo associations here have "no renting the first year" or "no renting for the first two years" as restrictions that are not always disclosed in the MLS.

I've been debating taking the test and becoming an agent.

I think the biggest thing helping us is the ever moving line of acceptable commuting distance and ever increasing house prices as you move closer to GTA.I still see the higher rents and longer term tenancy in the 6-20 unit buildings with 2 bedroom units.

Failure on his part to do this leads me to believe that you giving notice on December 8, 2013, was acceptable, because the way it is written, you could give notice on any day in the last month and be adhering to his lease!

Used to you could sue and also get extra damages and double dip but many contracts took that out to where you select one or the other meaning to sue or accept liquidated damages of a specified amount.Maybe start a little higher and then go down in what you will accept to go away for a contract termination fee etc.No legal advice

You don't need a "company" (LLC, etc) yet.What you need to get started is:1) A process2) A teamKnow exactly how your process will work:a) Meeting cash buyers & understanding their needsb) Finding motivated sellersc) Evaluating propertiesd) Calculating offerse) Testing the water with your buyer(s) if necessaryf) Negotiationg) Closing via a contract/agreementh) Assignment to a cash buyer via another contract/agreementi) Receiving payment at closingFor your team, you'll need to know:a) Cash buyers, of courseb) Real estate agent(s) or broker(s) - provide comps, MLS opportunities, etc.c) Title company (preferred to have one you use for your deals)d) Attorney (required in some states)Best of luck!"

Going to be around $500 for class, book, test, and license.

After lots of frustration I got a call from my agent on Christmas Eve that I had two accepted offers to pick from.

I'm fairly excited, and so now my biggest concern is just that we have few foreclosures, a lot of cash buyers, and a strong seller's market - even if I can *determine* what a neighborhood is probably like and where it's probably going, getting my bid accepted is going to be a challenge.