I've generated 20%+ returns, composed of cash on cash of 10-12%, in all of the above markets. 

Selling it for that price would generate a profit but I think we could get more if we fixed it up first. 

The solution, in the short run, is to throw the baby out with the bath water, until which time an economic catalyst is generated by commercial interests, whether industry, technology or natural resources capitalists.

I suppose though if you're generating cash flow from the rental and building equity in it too but still paying rent for your own living, it's still not a bad situation. 

How many really hot leads could you generate for $2,000?

My wife and I are focusing on this currently and have found that we can generate $800 cashflow on 250K investement with 20% down.

My long term goal (10-15 years) is to achieve financial independence by generating approximately $12k a month in cash flow.

I have two houses (4 units total) that are generating a good monthly return but I know I can get a lot more bang for my buck going south.For example the average MLS sale price this month in Calgary is $482,113. 

My latent passion for real estate investing was recently rekindled and here I am ready to dive in and start creating my own deals.I've been getting out looking at open houses to get a sense of my local market, crunching some numbers, and reaching out to people to start building up some contacts in the residential real estate world.My ideal path is to do some rehabs to generate some more capital and then move to buy/holds.  

Sheryl Griffin Thanks for your response.For solo 401K, is the contribution limited up-to the income that you generate from self-employment of business?