Yep, we seriously need a major adjustment and the shoe is going to drop. 2008 did not have a direct impact on the Canadian markets and as a result the necessary adjustment did not occur.

There’s no point in starting if you can’t sustain because statistical data shows that responses typically occur after at least 3+ mailings.

I would suggest Quickbooks if you plan on doing the accounting/finance side yourself when you start to invest because you will be able to see all of your expenses that are occurring in your business and be able to plan better for the next deal.

Primarily population and job growth now and in the distant future will occur primarily in the west, central, and southern regions.

If, in fact, basis should be the value when it was turned into a rental, I wouldn't be on the hook for the gain that occurred while we lived there. 

Current owner has recently raised one unit to $395 and will continue when vacancies occur.  

@John ThedfordI'm ready for Halloween so let's get scary and show chicken little the sky really is falling:"A finding that a conversion occurred is consistent with the view that “the essence of an action for conversion is not the acquisition of property by the wrongdoer, but rather the refusal to surrender the possession of the subject personalty after demand for possession by one entitled thereto.”

I would love to have enough properties under my belt to live off of in 4 years, but it occurred to me that if I don't, I could get my license and become a RE agent as another means of making money and further ingraining myself in the field of RE.

Metal studs were used to resist future insect / moisture damage should it occur.

I would love to have enough properties under my belt to live off of in 4 years, but it occurred to me that if I don't, I could get my license and become a RE agent as another means of making money and further ingraining myself in the field of RE.