All the information that I have consumed are targeting for US and it's hard to apply it straightforwardly for Toronto / Canada.  

If there is a transaction in the works, this activity can drain 2 hours or more each day.Review and reflection is important because I like to track all aspects of my life, from calories consumed to dollars spent, and of course contacts made and transactions in the works.

Different market than the south sound both consumer and investor.

To those who've rented properties by the room, what's been your experience?

We have learned a lot and will be a better consumer later when we decide to engage a property management company. 

You can get tons of high-end furniture from a property that is going through their Cap Improve cycle at literally fractions of the cost that you would be looking at for typical consumer grade stuff.

Very new in the real estate investing world, trying to consume as much knowledge as possible before taking the plunge.  

In my opinion, the 80% partner who is not doing any labor and taking half of your profit is the one coming out ahead.Hard Money is much cheaper (it rarely consumes half of your profits). 

I don’t have much real estate experience, but I have been consuming a ton on BP/podcasts and through books for the past year.

Ironically, it's what makes Portland so attractive that is now making it incredibly expensive for people who've been living here for years (as opposed to recent bay area transplants who think Portland is relatively cheap).