Maybe some other smaller cities Red Deer ex...I see many 60-100k homes, smaller sqft, older, need lipstick and maybe 10k in new cabinets etc.For those of you who know the area, do you suggest spend the extra money and get a turn key 200k unit, or gamble on the lower end, dump in 20k, and rent it out.Regina seems to have a very small availability of homes for rent, only condos.

Truthfully, If it was just me living in the house I would be able to "survive" paying it off my myself, but I think I would really be gambling it lol, but once I get roommates it should be fine.

Maybe that is the gamble.  

Are you a gambling man?

Rents and royalties, after certain deductions, depreciation or depletion allowances, and gambling winnings are also treated as ordinary income.

[she is now hacking uncontrollably] I will have to call you back, can't talk.So at this point, I'm guessing I'm being played with.

Its Always best to remember the first rule of Investing, Gambling, and buying stocks.

I can see postponing cash flow to pay off debt early.I think it is a gamble to expect cash flow based on rent increases. 

The "Due on sale" clause just scares me a little too much to gamble on transferring my title to the LLC after I purchase the proper personally.So others have mentioned having their LLC's collect the rent and essentially manage their properties.

This was no gamble for my father or me.