The great thing about real estate is that it allows you to leverage money, people, resources.So yes, if you are on the leverage side I would use it to the fullest extent possible. 

It's a rhetorical question to some extent, but it's one I've been trying to wrap my brain around.  

The down side is it has a dilapidated double wide trailer (on a cinder block foundation) and its not in the best trailer park subdivision.

I'm most interested in getting into buy and hold investing because a passive income business is important to me since I'll have to be in training for a couple years and then deploy.I'm the type of guy who'd be jumping in headfirst, hustling, and working 24/7 on this business if I was in the civilian world, but I'm currently a little hesistant as my military training comes first, and I'm worried about diving in too deep before I know the full extent of my committment during training.Anyways, I'm going to continue reading and learning until I figure out what's good with my training timeline.

I am in Cranbrook and while our economy is different then in Castlegar, both markets are diverse, reasonable demographics, lower costs of entry and pretty high cap rates (10% cap rates are on the MLS right now in Cranbrook).I have entertained the thought of a local investor meet up at some point, maybe we need to make this Kootenay wide?  

You have a wide variance of potential profit, but if you very rough ballpark of $25k invested leads to $45k profit, and $50k leads to $70k in profit, I would strongly consider only rushing $25k and tastefully do the interior remodel, but leave out high end finishings.

I would definitely NOT post on a world wide forum that I am looking for a partner.

Your complete understanding of the extent of any damage is absolutely critical.I'm an Assistant Construction Manager for a national developer builder of new $1MM+ homes here in Southern California - not a fire sprinkler professional.

I am glad to be apart of such a wide variety of experience and looking forward to continuing to get educated from the fountain of knowledge on bigger pockets.

This means there is a drag on return via decline on property values and to some extent additional capitalization of the real property asset and the pro-long hold time.