There is so much positive energy and excitement within this community that I wished that I would have joined sooner.

House hacking may be your best bet to build equity, and maybe refi to pull funds or continue to save and put yourself in the best position a year or so from now to make the move to strictly investment props!!

Expect a couple of points either way.To protect myself, I am in the first position on the property as the lender. 

Anyone from Edmonton and Ottawa can comment on their income property potential?  

Does anyone have any positive experiences with a good HVAC contractor in the Tucson, AZ area?

With so many people getting into real estate, i'm not sure if it will have a positive or negative effect.

Basically I go on Zillow and find homes in the price range (50-100k) and then find rentals in the same zip code and then decide if I can get at lease a $300 positive cash flow?

Three months later I accepted a position managing and building an e-commerce division for a small flooring company in Columbus, Ohio.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

You are buying a lien position (mortgage) and other liens can supersede it or have taxes, UCC liens, fed tax liens etc that you would have to pay for when you bid on the defaulting mortgage.