I also think most markets won't see anywhere close 6% cap rates (for single family homes which is what I personally invest in).The questions you get to ask are then:Is the extra 4% worth the hassle of management and lack of liquidity.   

Quote from @Elizabeth King: I have a property in my personal name that I plan to rent annually. 

I know Walter personally.. he knows a lot about real estate from many angels..

Many are personal friends of mine living just 40 minutes south here in San Diego. 

If you and another person own a piece of real estate as tenants in common then you both own real estate. 

For those with using Buildium for property management software, do you use Buildium's public site or do you use a website you have made and maintain?I'm currently using a website that I created 4 years ago, posting va...

Focus on the numbers and the goals, not personal feelings.

Any insights, advice, or personal experiences would be greatly appreciated!

Personally I never listen to what the seller states the income is as they are sometimes way off.

FidelFidel,When I saw your question I got interested as most Canadian investors are rather running away (or pausing) from investing in RE in Canada.But to help in your journey, here's what I can share mostly from either my personal experience or discussion with relevant professionals.