I recognize that it is ultimately on me to do my due diligence and vet the deal as well as the flipper and his team. 

After closing, a lot can happen and the VA recognizes that.

@Joshua Rodriguez sounds like you have a solid background to recognize success in Real Estate!

If not, investing in others who are proven is your best choice and it will take lit beer than 5 years, that I guarantee.

Not get rich quick by any means, but a solid plan to gain financial freedom that is proven to work.2) I like biz journals, city data forums,  and demographic sites to stay up to date with trends and business development news in my area.

Then when an exceptional deal comes along, you'll recognize it and you'll know why it's a good deal.

If you' find a proven strategy for sourcing deals that is a good fit for you, then you have to commit to do it consistently and have the persistence (and cash) to keep going through weeks or months of coming up empty.

I am very intrigued by the BRRRR strategy and have recognized there are many distinctions between what is and is not possible in Canada compared to the US.

As a result - you may not want to be so aggressive with your losses/deductions.PA also does not recognize the deferring of 1031 gain.

Hi Ben - I am a CPA who invests in PA(Allentown).Please be mindful that PA is a tricky state to invest in.PA is one of the few states that does not recognize 1031 exchanges.