Basically the fear of being dependent on a job after you become of age is just frightening.

So you need to consider the possibility of future mold, or even a current mold problem depending on the age of the home.

I know Im new to the whole investing and when I talk to my friends/ family no believes that someone my age can have such a successful future ahead and all because I have the self motivation to carry on my dreams.

With that said you are in a pretty good situation it seems having a good sized portfolio at your age and being in Canada where the economic situation is slightly different from ours.

That value range also implies the age of a property and the estimated maintenance expected.

It seems to have an age component.

We pay cash at auction and are frequently trying to sell to a buyer with FHA inside of 90 days so we run into this issue frequentlyHUD waived the FHA day day anti flipping rule a couple of years ago and keep rr-waiving the rule each year.

Steven, at your age, and looking at long term, I think that investing in long term holds in RE outside of a retirement plan is best and here is why: You get tax benefits today and years to come from paper deductions (depreciation), you get cash flow each month (if you buy right), you get ammortization (tenants paying down your mortgage for you - equity) and you get long term appreciation over time.

I will admit that they thought I was crazy and about 2 months ago was laughed at in their office (because I am 30 and my those in my age are recommended to take on the most aggressive profile).

Rich, our college aged son, that partners with us in business, taught himself Revit.