Think there are opportunities everywhere if you know how, where, and what to do!

That is a given in your market.No problem in speculating, provided real estate market does not adjust down but expecting positive cash flow on this property is a joke.The opportunity value of your equity (10%) alone is costing you 8K per month in lost income.

Thanks,Congrats on your pending sales sounds like you have some exciting opportunities in your future.

I'll be happy to give you the straight goods on what is happening in Toronto, what to watch out for, and which opportunities might be best for you based on your investment criteria and goals.

I was taken aback recently when the tenant (1 year) asked me to seriously consider selling my house to him using an owner carry contract. I understand the pros and cons regarding such.  However, my question is simply ...

I'm sure it will make a huge difference in opportunity and networking.

On the other hand, we would have the opportunity to learn the basics of management from an experienced career real estate investor, and perhaps slowly be able to convince him to sell his properties.

I'm here to learn and meet some cool people so that when my situation stabilizes, I'll be prepared for opportunity. 

All mine are currently on 15 year notes, and while I understand the fiscal benefits of paying off loans more quickly via a ten or fifteen year mortgage, I struggle with my desire for monthly cash flow. 

Because you found the duplex in a great area, you always have the opportunity to improve the condition without worrying about the location bringing the value down.6.