In markets where we're likely to continue to see population growth, employment growth and employment diversity, I expect we'll continue to see rent growth, even if it's just 1-2% per year.

They pay themselves the same pref that all other LP investors get and then collect the promote from the GP side for returns that we earn over the pref.

Great to learn from active operators in diverse markets.

 24 to 48 hours but keep promoting the property 

Look for markets with strong economic and demographic trends such as population growth, job growth and modern, diverse economies and industries.

Good amount of manufacturing, lots of banks, pretty good diversity of small businesses..

I have 5 questions, please read post in full for context before answering and indicate which question(s) you are responding. I have a non-majority share of equity in a few real estate industry LLCs located in multiple...

Would you mind providing any insight on the following:-Population growth-Job growth-Diversity of economy-Is it a rising, hot, declining, or stable market cycle for real estate-Is it landlord and business friendly?

Those rules do not apply to Canada as we do not have the density and diversity (from very low to very high) as compared to the US. 

I am not promoting Phil biz, but simply trying to put things into perspective for I know no one who has made it big by themselves just from books and forum-not that its impossible just highly improbable.