If you feel comfortable in their ability and willingness to stay on and can handle most all tasks (I would not let someone like this handle the books) then maybe you can keep your current job and be able to handle keeping the business running for little profit. 

You have to develop the skill sets over time. 

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.