So not much...I ready your article about the financial preparations, and honestly that's what I was hoping to use assignment fees to cover...debt repayment; clearing student debt, and car loan payoff.

I'm hoping he has enough power and influence to make this happen but I am trying to prepare for that meeting as we speak!

- just kidding, those rehab costs were intended to prepare this property to be a rental". 

When you see one that aligns with your purchase criteria, you're prepared to act extremely fast.

So prepare yourself for unexciting numbers when you run BP calculations.

I am 60 years old an tend to be very opinionated but I also will tell some personal stuff to show you that the future is not predictable and your future is dependent on your preparation.  

Ontario is the most pro tenant legislation in North America so be prepared and be well educated before you begin having to deal with tenant issues.

Are you prepared with your exit strategy?

But like almost anything in real estate, most things are highly localized and market specific, and there are definitely:a) Wolves out there pouncing at the opportunity to take your moneyb) Very well intentioned people who just don't know what they're doingc) People who do appear to have a successful track record but can be a bit short-sighted (throwing large sums of money into the real estate game with no regard or proper planning for the next inevitable market shift)d) People who seem to get lucky sometimesande) Guys who are experienced, have a track record, and are prepared to play the long game (are aware of market cycles, have a plan that limits their and/or their investors exposure during potential transition periods between market swings, and so forth)There's probably more but that's my short list off the top of my head.

Thanx to everyone who has responded so far.I ask because I've been preparing a presentation on Debt Strategies focusing on three primary strategies:Debt AccelerationDebt "Snowball"Debt ReductionThis is geared toward W2 people, mostly.