I bought 3 decent sized properties in March (a 4-plex, a 6-bay commercial office/warehouse, and a 77 unit storage facility with a 2,400 square foot commercial building on the same lot).  

If you take on partners in a local deal, make sure to vet, get referenced, don’t just jump in.Generally starting out house hacking is the foot in the door.

That being said, there are some people who use a cost per square foot that assumes everything needs to be done.

While our tax valuation went up, our actual taxes decreased (more valuation for the municipality without a corresponding increase in cost of services, reduces actual tax bill).The tax assessed value is just one metric to use for determining market value, but I wouldn’t rely on it for much more than a foot note.

You’ll have less of a risk going into it but you just need to get your foot into the door.

Roughly the same value would be asking your child’s grade 4 class about this as an investment property.

I also maintain a historic 500,000 square foot high rise on the Mag Mile, as well as run my repair company with my wife.

Finally have foot traffic and hopefully will be rented out by end of Aug.  

I am renting to a family with a child (4yrs old) for the first time and am getting a lot of conflicting information as to what needs to be done.

With two kids, investing passively might be a good way to get your foot in the door without having to deal with all the work.