Instate maybe means self management 

Hello bigger pockets I currently am self employed and a small business owner net income of 71k a year on paper,50k saved up and 700 credit score.

That doesn’t seem to be the case hereYou sound confident and smart but just keep that in mind, losing families money esp you dads would leave a very bad feeling in your gut later on and could stop you from making the right or risky decisions during your investment.Good luck with whatever you do!

I'm in the process of retrofitting my duplex in Ottawa - a relatively easy one, just adding some sprinklers in the furnace room (self install + inspection for ~$1000) and some drywall in a basement hallway.First question - does the fire-retrofit inspection add value to the duplex, generally, in your experience?

I am confident that if I decide to sell this property in the future I will get at least what I paid for it and that it'll sell for a minimum of $200k due to the location.

However, I was also thinking of paying myself from some of the earnings as a 1099 employee simply so I would only have to pay self-employment tax on what I pay myself and not all the earnings, so filling taxes as an S-corp. 

The net effect will be, you will get to deduct 1/2 of self employment tax and full health insurance expenses.

Although i’m a novice but I’m fairly confident that this area is at or near the top of the housing market cycle.Thanks for your comment Ryan. 

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proAlerts can be really helpful too: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

Hello all, I am just starting out as an investor and spend alot of time asking my self questions about things i dont understand and as apart of that speed bump ive been learning about creative financing deals and have a couple questions.. 1st being, do you need any capital for these kinds of deals ?