Any advice on how I should think about pricing the property would be helpful. 

They just need a great cleaning company that helps with onsite needs. 

Quote from @Brendan Jones: I am very new to learning about real estate and am looking for advice on my first home and how I can best use it to help offset my mortgage and generate cash flow.

Considering buying the corp so avoid land transfer tax - that might help with the numbers.

Hope this was helpful.

Ok, yes that's a bit cheeky but seriously, your talking about some very important, regulatory/law stuff, if your not willing to do the most simple basic actions of simply googling the laws, and reading through the statutes, I am sorry but than my time and effort has not been earned to help guide. 

I helped an investor get into a 3 bed 2 bath , 3 bed 2 bath duplex for 105k - each side is leased for 1250.  

Help! 

Hope that helps!

Would be happy to connect and help if it would be beneficial