.: Quote from @Chris Seveney: @James WiseI was sitting next to a doctor at a conference who did a private money loan and lost $$200k then he did a jv deal where he became co-owner of a LLC, gave a personal guarantee on the asset and put money in the deal to buy it but didn’t put a lien on property so partner went and leveraged the assets as well and ran off and dr had personal guarantee.They then bought a property and renovated half of it then decided to knock it down….I had a successful shoulder surgeon ask me to list his apartment building that was under-performing.

Then he decided not to do business, they made the  offer very attractive and he was desperate. 

@Ben ClingerHi Ben, I just noticed your post.Toledo just clarified their inspection criteria for section 8 houses and decided they wanted their cake and to eat it too...we don't have to have an interior inspection (since LMHA inspects that during their inspection), but we DO have to pay for a Lead Inspector contractor to visually inspect the exterior of the house and of course we DO have to pay the $45 fee (which is of course what this is all about).LMHA of course inspects the outside of houses along with the inside so the whole lead inspection is redundant.

I've spoken to a few folks and decided that selling the note is not a good option for me.

They are an older investor that bought the property for their son to run, but he decided he was done with it and moved back home.

You may get a hard money lender to lend as well but you will probably have trouble getting traditional financing for acquisition or if you decide to hold on to the assets.

However, if you decide to install HVAC, it should be based on the comfort and safety of your tenants.

Congratulations on deciding to take a big step by introducing yourself to the forums - while everyone is friendly and looking out for your success on these forums, I remember how intimidating it was making my first post introducing myself to the community 10 years ago and before I started working here. 

Plus, they’re usually easier to manage if you decide not to house hack.For getting started, I’d focus on learning your market by understanding rental demand, property values, and potential appreciation. 

LOTS to talk about in Calgary as quality multi-family deals are being snapped up quickly, multiple offers on handyman specials, and parts of the city is experiencing Sellers Market, while the CIty of Calgary has decided to continue their major capital reinvestment projects, so there will be emerging areas soon!