Is anyone else finding it difficult to find the right property

[Maged Bishara]

NOI, cash flow, ROI, Cap Rate, COC, etc.

Whenever I plug the numbers of anything I can find into the spreadsheet with all of these financial models I come up quite short.

I live in Montreal and it doesn't seem to be that easy to find the right property in Montreal that will provide a good enough Cap Rate or COC.

Basically we need to buy a house or condo at under $100K with net revenues of around $1K/month.

These types of properties just aren't available in this city where housing prices are much higher. So should I scoure North America and forget about my home town ;)? 

I'm sure that many of us in BP have been coming to similar conclusions but it's difficult to find the right out of town properties when you don't know the lay of the land, rules, rental dynamics of the specific area, etc...

What have you guys been doing?