This is just the start of it.

I'm excited you started this conversation because I was also under the impression that it was better for Canadians to form some kind of corporation to hold their US investments.

I would like to know, what do you think is the best thing to do for a teenager who wants to start in the real state world, While still being at school.

If you aren’t using a PM and have no clue where to start.

As of 2024, the bonus depreciation is 60% (subject to change pending the passing of laws) which allows you to immediately depreciate 60% of the asset’s cost.1031 ExchangeA 1031 exchange is a tax-savings strategy that allows investors to postpone paying capital gains taxes upon the sale of an investment property by reinvesting the proceeds through the purchase of another property (i.e. a like-kind exchange).

Have a 1960s 30 unit single story motel where we are coming up on some end of life issues: the cast iron plumbing is disintegrating underneath bathrooms, radiators are starting to leak, electrical is in poor condition, and just today, discovered significant termite damage affecting multiple rooms.

Any advice to help me start out would be great thanks!. 

FYI: currently of my investment 86% is real estate, 10% CASH (high yield savings)  and 4% stocks.This property is currently the worst area of all our properties.   

Also, any suggestions for ways to save money on the repair? 

People, particularly amateurs just starting out, tend to focus too much on big tools.