Hi brilliantmindster,

thanks for the answer.  was really helpfull.  Just to clarify though, the reno kings basically work like crazy to renovate as soon as the property is settled and then sell ASAP, copping the capital gains tax if they sell within the year?
Also, what are tips for determining what a 'high demand area' actually is.  All the information I am reading is a little overwhelming, but what I have been doing is looking at is recent house sales, how many houses are on the market in the area, demographics for the area, and rental demand.  Is there anything else I can look at (and how do I obtain this information)???

Thanks,  (promise that will be it – for now!)