Developing systems to source solid off market deals will help open doors to other things you need to ultimately be successful.

I have since legalized the basement suite by adding interconnected smoke alarms, sprinklers in the mechanical room and applying for development and building permits.Location: Huntington Hills, CalgaryRent: Main Floor $1325 Basement Suite: $950 Garage: $300 Total: $2575Net cash flow: $460 What made you interested in investing in this type of deal?

I added sprinklers in the mechanical room, wirelessly interconnected smoke/co alarm (with hard wired power connections) in the basement bedroom, mechanical room, living room, staircase and 1 upstairs, development permit with the City of Calgary because the lot was zoned RC-1, building, plumbing and electrical permit for the renos.

Is it suitable for other development?

I can see properties near travel hubs developing into a nice niche market for me.

It does not matter where you start as long as you develop your Core 4.

I would suggest that you figure out what tasks you need to do as a real estate investor and make a game out of those things.For example, if you need to save money you can do something similar like you did with the Dave Ramsey course.

I am a former CFP and financial advisor who's now working as head of accounting/finance at a 500 unit multi-family operator and developer in LA who specializes in Section 8 tenants. 

What are some tasks I can do everyday to get myself one step closer to my goal? 

Sell CAP rate for experienced developers or I should say what's considered a good spread from ROI perspective.