I'm assessing a HUD property (my first investment prop) and am trying narrow my estimate on the cost of rehab on a house.I was able to pull up a PCR on the property (a brick ranch) and here are some key things:Cooling/AC - DamagedHeating/Furnace - DamagedHVAC Duct - DamagedPlumbing: - Sink: Damaged - Pressure Test: FailThe property is a 1,500 sq ft ranch home that seems like a good opportunity provided I don't overshoot the cost of these items.

You can not actively do 'fix up' work inside of the accounts (IF that is what a person wants to do)You want CURRENT income instead of waiting until retirement years.With all that said, I do hold quite a bit inside of retirement accounts (as do my partners).

Again, it's a 4Plex and the city assessment is $203,000.

California has a wacky law where assessed value for property taxes can only increase at a very limited rate (~1%) so most people are locked into property tax rates much lower than their current home values, so this favors purchasing rather than waiting.$4300/month is at the high-end of affordability for me, so seems like the only way I'll be able to purchase a home of the quality/location I want is to liquidate (at least some portion of) my real estate portfolio.

@Dylan TranIt appears that the LLC has 3 members and it made a total of $30,000 profit in 2017.It also appears that the activity of the partnership is flipping homes.If this is the case - the partnership will file a partnership return and provide each member with a K-1 listing out $10,000 of ordinary income that is subject to self-employment tax.

I’m looking to become more active in REI and utilize the equity I’ve built out in my property. 

For anyone that is starting out in Calgary, here is a mapping tool that I use to check land use zoning and property assessment values: https://maps.calgary.ca/MyProperty/ While analyzing one deal, I noticed that some properties have a dotted red line around it.

I thought a broker license had to be hung under a managing broker to be active.

I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/or other legal proceedings whatsoever and cost incurred therefrom in connection with the management of the Property and from liability for injuries suffered by any employee or other person whomsoever, except in cases of willful misconduct or gross negligence on the part of Agent or its employees, (b) The Owner shall indemnify and hold harmless the Agent from and against any costs, loss, expense or damage (including attorney's fees) suffered or incurred by the Agent arising out of or related to the enforcement of this Agreement arising out of a default or other breach by the Owner, the management, operation, improvement, alteration and leasing of the Property, including all other activities arising out of or related to Agent's duties under this Agreement or as a result of any act or thing done or permitted by the Agent or its agents or employees; provided, however, that such indemnification shall not apply to any such cost, loss, expense or damage to the extent that the same relates to or as a result of conduct by Agent which constitutes willful and wanton misconduct.It seems like if one of the Property Manager workers (aka Agent) slips and hurts himself while cleaning the floor the "Owner" is then responsible. 

Also, check how taxes change with a purchase above assessed value, they will likely go up.