That's a very common bull market mistake.

I just read the original thread---juicy...I can't answer the where, but I'm going to take a stab at what to look for (which is at the core of the question---you have to know the "what" before you can find the "where"): - Follow the employers---seek areas where employment is both vibrant and growing (job growth leads to migration patterns---people have a tendency to follow the money)- Seek a community with current or future infrastructure expansion intentions.

Things might be done a bit different in Quebec because you're under French civil law instead of British common law.

It's more common in the commercial arena, and with smaller localized banks.

Operating expenses include taxes, insurance, management, maintenance, vacancy expenses, advertising, utilities paid by the owner (at least during vacancies, rehab, etc), evictions, court costs, entity maintenance, legal fees, common area upkeep, lawn care, snow removal, office supplies, damage done by the tenants (in excess of the deposit), lawsuits, capital expenses (although not technically an operating expense), etc, etc, etc.

Common sense tells me that in a depressed or declining market is the best time to buy.

I no longer employ any mgt. firm because you can't make a buck if you hire one of these companies.If you have a better solution, I'd love to hear how you're running your business.

Not all that common but something to remember.

Thanks.This seems to be a common decision that people make.

Commonly done.