I was thinking of doing exactly what you described with keeping the existing heat, but I would have to find a way to zone valve the lower floor so they could be on their own tstat (and I am not sure the radiator piping network is set up for that).

From what you described in terms of renovations, it seems like a steal, but you'll know better post inspection. 

I think Brandon has developed systems where he’s able to immediately identify a deal that’s exactly as good as you originally described.

@Connor KellyFlips work best in a rising market, and I haven’t heard someone describe Winnipeg as rising for a looooooong time.

@Brian AdamsWhat cap rate would you buy at for the property you described?

Make sure you know your strategy going in and don’t be afraid to walk away.House hacking (buying a duplex on FHA as described above) is a great way to jump into this world and would benefit your situation as a student because essentially the other side is paying your mortgage.

@Forrest Hatfield from how you describe what you do and don’t like in real estate investing, it sounds like you would be great at hard money or private lending, especially for flippers who need help not just with the money but also with creatively structuring the deal.But what are your goals also?

I would expect to just break even, you might cash flow a little tiny bit, but probably not much with the management fees you described.

Grit is the word that I’ve heard describe the concept, if you are dedicated enough and determined to make something happen it can and will happen.

Initial real estate portfolio collateral would be the 6 Curaleaf assets that were included and fully described in the data room.