Talk with people, network, and don't miss an opportunity to share your passion for real estate and you'll be surprised how often workable, profitable, deals find you. 

Eventually, someone will be correct.  ...and when that person is finally correct in their prediction (after missing 9 out of 10 times), they will be called an expert, and brilliant for correctly predicting the downturn. 

Find a really great inspector and learn to trust him....but realize that even the best miss stuff.

Any tips, suggestions or areas we are missing here?!

The floors inside the house are missing the subfloor, walls. 

@Zachary Hadjah If you aren't out networking and going to meetups then you are missing out on the best opportunity to find your partner.

Or is there something else that I am missing, an even better course of action to take, if so please inform me. 

But that being said, I also was wrestling with the fact that cap rates are in favor of sellers right now, and it might now be as low a cap rate a year from now. sort of worrying about missing out on these crazy low cap rates.... and crazy high equity. 

If your rents had increased over the last 10 years like my market, the numbers would be doubled or $66K/unit in missed rent or $396K for 6 units.Somethings for you to ponder is keeping a good tenant worth $33K?

It sounded like lots of fun until I got more educated about the reality of Ontario Residential Tenancies Act.Maybe I'm missing something, I'm sure lots of you out there are doing well.