Rental Property in Canada

[Alex Kovalenko]

Hey guys - just getting into rental business. When you are buying a condo for rental purposes what are you looking for? 

I know 2% is a good rule (as in if it costs $200k it must generate $4k). In the market where I am at (GTA - greater Toronto area) - condos cost around $400k Canadian for 2 bedroom and rent for around $2k Canadian (so I guess its only 0.5%) Is this a good investment? Good thing is that they appreciate 5-10% a year.. When buying - what do you recommend checking? Thanks for your help!