I may have inferred the meaning of that statement incorrectly.Or you may be correct in which case my opinion would be aligned with yours that getting out all together not such a great idea as real estate is the best investment vehicle in my book, hands down.

That being said, it is crucial to determine the class of your property in order to align it with the right kind of PM.

And again, I really just want to do the standard and simplest structure which aligns to the current market/market rates.

You do with all of the other components comprising your deal, right?

Those are just guidelines as there are many components that need consideration.If I have no money out of pocket and the cash flow meets my criteria, I'd do the deal.

I invest locally primarily because I can more or less anticipate what the expenses on a property will be, and so I take a significant component of the risk out.

Put it in a high yield savings account earning around 1.75%+ interest with zero risk while you learn all you can.Then use your $500k once you've educated yourself and picked out a strategy that aligns with your interests/goals.Also make sure you are very cautious of people reaching out to you with "deals" and "opportunities" now that you announced having $500k cash on a public forum as there will be people who would love to spend (not invest) it.

Put it in a high yield savings account earning around 1.75%+ interest with zero risk while you learn all you can.Then use your $30k once you've educated yourself and picked out a strategy that aligns with your interests/goals.Also make sure you are very cautious of people reaching out to you with "deals" and "opportunities" now that you announced having $30k cash on a public forum as there will be people who would love to spend (not invest) it.

@Brian Edwards figure out what you want to do or what you think you want to do right now and do something that aligns with that.

@Cody WeberIf you search the {Canadian} forums there are a couple of threads discussing just that very subject ... one not terribly long ago as I still recall contributing to it.The practice of {correctly} buying an unloved property; rehabbing that property; and re-financing has been around far longer than Brandon's catchy little acronym.While the concept is universal, the financing component is somewhat different here in Canada than in the U.S.A., so keep that in-mind when reading content here on BP.