Account Closed seems like a lot to do and I am assuming you will need someone to feed coal to the system, I wouldn't recommend allowing tenants to do that so likely your self or hire an experienced person.Are the units you are seeing natural gas?

It's a great way for investors to play defense.

I know they go MLS to get best price, I have no idea if there are pitfalls or what not, new to investing but 12 years in government construction as self performing contractor.

If the answer is you will self manage, do you know the applicable laws and requirements and do you have everything in place?  

Verify that property passes the Self Sufficiency test *this is a rule for multi family properties purchased using FHA.

No need for a manager since many are self-managed. 

If you want to improve your cashflow another 10%+ you should self manage.  

., one big issue is that using your model of "flipping" you will not be able to use the 1031 exchange so you need to put ordinary income tax + Self employment etc into your proformas to make sure you can still get the return you want.1031 exchanges are for property that has been held for "productive use in business trade or investment".  

Using Vancouver as a data point to justify Toronto'a comparatively calm market is self rationalization.Yes, the divergence of real estate prices to the underlaying economy may continue for a few more years and, if folks are fortunate, it will gear down slowly on its own with only a small retrenchment in prices.  

At the beginning of the year, I went off on my own, and am working on developing two self storage facilities.