Way back when BP started, before we used our real names, a prominent guy on here named Mike in OH said "focus on your ROI, not your door count".

.- Cities like Toronto will levy another tax (Vacant Home tax) equivalent to 1% of the current assessed value of the property if the property is not occupied (rented, owner-occupied, family occupied, all count as occupied)- Land Transfer Tax: while the Province of Ontario charges anywhere between 0.5 - 2% of Land Transfer Tax when your transaction closes, you should expect to pay this amount twice if the property is in the City of Toronto .

I'm not sure if you are planning to buy more, but I think if she becomes an agent then her time looking for properties would also count.

lol not sure what I am getting into this year but always looking. really trying to grow the unit count. i probably won't do a flip.

The equity is actually what you are paying for the property.In this case let's look at the numbers that count,...the current numbers.You have about $500k or more in equity, which is buying you a property that's worth about $700k (I went with the lower PV. 

That's right and wrong.There's a housing short, where it counts.

Travel time to and from each showing counts.

We look at how many counts and how long ago.

If you plan renting out this property, that cost recovery comes from cash flow (equity doesn't count). 

I definitely need to do more analysis in terms of comparing against other rentas in the area and ideal beds and heads count.