Standard Ontario Lease is required, but you should start to think about all the terms and conditions that are not included in the standard lease and prepare to include them in your agreement.

What tax preparation service do you recommend (i.e., H&R Block, TurboTax, etc.)?

A degree in finance may help you crunch numbers for a buy and hold or a sales background may prepare you for wholesaling.

When claiming real estate professional status, it is very important to be prepared to have a log of the hours to document the 750 hours.Real estate focused CPA's normally provide a template that they can forward to their clients for them to complete.Best of luck to you in your search for a CPA.

i think with a lot of these discussions it comes down to what you are prepared to deal with. to the people that do not like "the headaches" that come with investing in multi family they just may not want to deal with what comes with owning such a property. i however would definitely own multifamilys as soon as i am financially able to , headaches or not.

There are advantages and disadvantages, but be prepared to be very frustrated, and SHOP FOR A LENDER.

Generally, your real estate agent will prepare the contract.

In my experience junk haulers usually try to rip you off, so if you go that route be prepared for outrageous bids.

Prepare to break even or have to leave some money in the deal on the first few especially at a distance as you find good contractors and understand who is giving good advice and who just wants the job.

We have been doing a lot of reading and preparing to jump in on our first deals which we hope to purchase our first investment property in the next few months using the BRRR method.