I'm very happy with the arrangement, as I've realized that overall I prefer to manage my properties, but with a full time job and young children, I don't have time to do the maintenance.

I would travel to accomplish it, I could do it in Calgary but prefer the odds of cash flowing in certain markets in the States more.

However, the bottom line is the investor determines the minimum profit or minimum ROI (or whatever calculation they prefer) they are willing to accept. 

I'd definitely prefer to stay local and I want to believe what you're saying but I'm not seeing the opportunities locally at the moment. 

If you are going to owner-occupy, you also want to benefit from the OO preference periods offered by HUD, Homepath, and Homesteps.

So, this option would require us to pay two mortgages for a period of time (which, obviously, we prefer not to do). 

Investor reportedly made ~10-15% (he purchased the tear-down almost two years ago for $850K).Some of our options for each house include:Rental house: Long-term tenants would happily buy from us and we could do owner financing, or we could tear down and build, or just keep renting it out (tenants prefer to stay).  

Below, are three of the most popular niches that you might want to explore to see which one grabs your interest.https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)Additionally, in the interim, simply bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Continue to feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two wayexchanges and look forward to educational, thought provoking ideasrelevant to REI.

If you want to keep this alert as is, you can change it back in your notifications settings .I rely on these keyword alerts to not be late to the party so to speak :-) I usually have BP open all day on my browser, and do not necessarily click through to a conversation through an email, but I rely on the notification from the email to alert me in a timely fashion.That said....I would really prefer that instead of changing my settings on your own and leaving it up to me to figure out what is going on (took me a whole day) and then make it my responsibility to change them back, that you would ASK ME first if I would like my settings changed.

I prefer in-stock, assembled cabinetry so I can exchange quickly if I get a defective or wrong item.