BTW, I hear you about being a contrarian and feel the same way, but I respectfully disagree that deflation is a "crowded trade" so to speak at the moment.

Great to see you taking action in your REI career again. 

Since you have already lost 100% of the income to debt servicing then create a trade off in your calculations.

@Nick RudolphThe Wall Street Journal lists alphabetically all publicly traded securities.

A few questions about the tricks of the trade: Where do you find most of your deals?

I've been a member and listening to all the podcasts for 10 months or so and fear of what I don't know has hindered me from taking any action.

Hi Jonathan,If you're thinking of investing in the US, make sure you think through currency fluctuations and where the US dollar is trading as compared to the Canadian dollar.  

Congrats on taking action and working towards your financial independence!

With the Checkbook IRA LLC, the IRA itself is at the back end and simply owns an IRA for which you can have signing authority and operate out of a bank account of your choosing.Again, if the IRA will have equity in the flip, then the IRA is engaging in a trade or business activity as opposed to passive investments such as hard money lending or rental income.  

The fact that you took action is a great thingYou have to decide what you want to do.