If you really want to jump into Real Estate, I would encourage you to start by Wholesaling.

The love and encouragement is greatly appreciated!!!!

It's a great off-line group where you get face-to-face interaction.

I'd encourage you to reach out to more experienced investors in your area!

I have an alert for 'Edmonton' and that's how I saw this post.Along with reading material and interacting with people on the site I recommend you start attending local REIA meetings and networking with investors. 

A 3/2 is easier to resell if you get sick of the property and opens it up to more possible tenants, but also costs more to buy, contracts your possible market somewhat by being more expensive, and encourages rentals with kids, which you cannot prohibit but will tend to do more damage to a unit than a single person or childless couple. 

I was so emotional and just wanting to liquidate his entire estate as quickly as possible that I just didn't think I was up to the challenge of rehabbing a 60 year old house that needed massive repairs to the tune of $100,000 or so.I had the cash and the house was totally paid off but,I just didn't have the courage to deal with contractors that would see a goof like me coming and take me to school.No one around me encouraged me to seek out advice and help from experienced investors and just told me to sell it and be grateful.I threw away a house that would have been worth $500,000 after rehab and fully paid off!!!!

@Steven Butala @Ayodeji KuponiyiThank you for the encouraging words and advice.

I think that good single families, duplexes or triplexes would be the best option for starters.In GENERAL looking back to 2008-2012 the US and NZ cycles are running somewhat parallels, so if this is close to reality perhaps in 24-18 months the markets will level off.At this stage I'm trolling the forum, educating myself on the locations, returns and keen to interact with Key players in the locations.

We encourage tenants to wait outside during the tour.