These could be hidden costs that you are not aware of.I would also get simi-firm numbers for insurance and taxes, then figure in vacancy and maintenance to get a better idea of cashflow.That is where I would start.

You may need a tough gut and a hidden sidearm to feel compelled to visit some of these.

We know the connections are coming into the home via the basement and can only assume they are in the walls but hidden by the new drywall.

I know there are some HOA with other hidden language in their docs that can give them addition rights in these areas, but I read the HOA docs and there are no other areas that I see deal with repairs of this nature.

The real estate agent told me we were going to have a full inspection before we close to make sure there are no hidden costs.

Not my best deal, 6 months ago, my payback period was 8.5 years, but inventory is so low, hard to find that gem.

I know i find bigger pockets to be a gem, all the information is so helpful.

My plan was to sell the 2/2 and then keep the 4/3 as a rental.My hope is that the foundation work comes to no more than about 50k so that I can be all in on the 4/3 for about 75k and the 2/2 for about 70k.Even if I could quick sale the 2/2 and break even, if I can walk away with the 4/3 at 80k or better, it would be an absolute gem to add to the portfolio.One neat trick is that the bank won't sell them separately so I don't have to worry about competing against an owner occupant.

Generally, the lower the sheen the softer the feel and the more sin is hidden.

I would agree from what I have seen many of the big cities in ontario are tapped out for monthly cash flow producing properties. house prices are increasing at a faster rate then rent especially with such low mortgage rates everyone would rather buy but I would assume there are some hidden gems you just have to look hard enough and maybe stay clear of Toronto