Also, have someone call posing as a potential renter to see how they handle business.No single step will guarantee success but careful research helps to reduce the risk factor when it comes to property management.

So, I've decided, after about a year of research, and a miserable year at the JOB, to jump in with an initial plan.I lived in this house for about 5 years now.

i've spent the morning reading this site and the last few years researching and trying and failing at real estate investing!

Read it, consider it, and add it to the other research you do.

I know nothing about condos (I will research them on the internet).

It sounds like you'll need to do a bit of market research before jumping in and read through some of the posts here.

Once you find possible candidates you will want to research a bit to identify if the seller is motivated to sell.A home listed for rent several months by an out-of-state landlord quite likely will be a motivated seller.Networking can help in finding motivated sellers as well.

You would have to research that.The price on the ones I saw seemed awful expensive for the properties, but I was not familiar with the areas either.

(just imagine the oppurtunities in that)-Home to University of Alberta (one of the top leading medical research universities in the world)-Home to the largest mall in the world: West Edmonton Mall (www.wem.ca)-Plus much more delights about this city that makes it a prospect to buy in.

Then, estimate how much you would need to live on for the next 2 years and put that money away.Next, research multi-unit complexes.