The reward can amazing only if it is done correctly and the 1st mortgage lien is purchased but at the same time you also assume all violations and issues associated with the property with no exceptions.

If the loss has already happened, this simplifies the choice to be made as the most viable or rewarding investment strategy can be selected.

He was rewarded to remodel our first rental project on Jan 28 ( a total guy job).

Also consider what your risk tolerance / risk to reward ratio is at? 

The government only rewards those that can handle a risk.

It's powerful and it's rewarding both from a monetary and personal satisfaction standpoint.

There are a couple of passive options that come to mind that offer different levels of risk / reward;1) Participating in a syndicate - Spend your time vetting syndications / syndicators that fall within your investment envelope (e.g. 50K, 250K).

I did this recently with a 3 fam property, where I only put down 8%, allowing me to buy more property than I had previously with less $ than I needed conventional. a little bit of a harder search, but more rewarding for sure.

{this focuses on residential real estate}Douglas Gray - "The Canadian Landlord's Guide"Steven Cohen & George Dube - "Legal, Tax, and Accounting Strategies for the Canadian Real Estate Investor"@Julie Broad - "More than Cashflow: The Real Risks & Rewards of Profitable Real Estate Investing"   I had already been investing for several years before Julie's book came out, but believe a new investor would gain more benefit from the book.I am not a fan of Don Campbell's writings {it may be style thing} or his ACRE scheme and RIEN network which sells "guru-style" education, but there are many who have read his books and do like them.Don Campbell - "Investing in Canada: Creating Wealth with the ACRE System"If you want a resource for commercial real estate in Canada:Pierre Boiron and @Claude Boiron - "Commercial Real Estate Investing in Canada: The Complete Reference for Real Estate Professionals."

I've learned that our government actually rewards those who employ others as opposed to being an employee yourself.