Great topic guys.My opinion is that it depends on the source of your cashflow, if you're running a wholesaling operation then you need constant cash flow to operate.

Follow the Vivid Vision book by Cameron Herold as he gives a nice outline for how to do the project.

Instead of listing them here, I would suggest you read a number of other discussions on the landlord/tenant topic.

I am in the process of making my basement a legal flat and wanted to know if it made sense to get a pro to outline my idea. 

For example, if you are looking to connect with other members near you, or want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users

Rental real estate is a local game when it comes to things like you outlined in your post. 

Question here about a topic mentioned in Episode 51 with Mike Sherwood.31min and 30 seconds..

I’m an aspiring real estate investor on the Gold Coast, Australia.I’ve found that no one has seemed to talk about a crucial topic I wish to hear is what to do when there is a boom happening (prices crazy high).At the moment in Australia, rents are high, and so are house prices.

If you want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/usersI like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts

If you want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/usersI like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts