When looking for a house to flip, what are some things to keep an eye out for? Do you need look at the lower end/beat down houses in an area or is there a market for houses that only need a few things redone in order to sell it for a good profit? I am referring to the lower mainland area. Also, if any one has an opinion on new construction vs. flipping

What is everyone's view on presale condo units in Burnaby, Surrey, etc. Is this type of investment worth waiting 3-4 years, maybe even more depending on delays? Is it worth the while to invest in a presale?