Tenant is not late with rent, is a good tenant, I just want to understand a basic part of doing business.

Here are some basic numbers. all my numbers are estimates.Listing price: 285,000Zillow estimate:166,000My estimate of what I should buy at: 230-250KRepairs: 40K(10K per unit)Built: 1985Current Rent:Unit#1@750, #2@750 #3 & 4 EmptyMarket rates for 2 bedroom peak is $800 AVG is 700  This is sight unseen maybe no repairs are needed.but i doubt that.

So basically i have to start networking with different people and be under their wing ?

I wouldn't pay off either mortgage since rates are low and that's basically cheap money you can invest.  

The basics are you find someone who will sell a house at a discount because of the condition of the home or some other special situation like death or divorce. 

We've both owned and sold homes before, so we understand basics of buying and selling, but reading through a lot of this info on bigger pockets is a totally different ball game.  

They basically did all the due diligence, underwriting, feasibility studies, etc and then shopped out the property to a list of their clients they new would be interested. 

Prices in GP and Alberta still have room to drop, and you definitely should include expenses for CAPEX and Property Management just in case, which means your cash flow will be near 0.Basically if you are CF zero, you are betting on the market to go up for your increase, and it is not likely the market will do so for another year or more.I would say wait for the market to drop a little more or find a different market with lower prices and potential for better cash flow.

Basically, they pull this stunt and stay in a place right up to edge of eviction, and then move out, so there is no eviction history.  

The other thing in Pennsylvania is what they defined as a licensable activity, is basically handling the Lisa or the money.