@Peter Masonwhat are your specific and quantifiable short- and long-term goals?

I am looking to do my first deal in London, ON, but want to understand the potential costs of Insurance for rental properties, from what I understand student rental properties do cost more, but I want to better understand what that truly quantifies into?

There is a bit of a risk here.. can't quantify the repair cost... what would you do?  

What I am really struggling with is that this is an emotional deal for me and I am having difficulty quantifying the value of keeping a place for myself.  

Its always a gamble but the flood variable adds risk that is hard to quantify up front.

And legitimately if you are purchasing a property where you are accepting a potential risk, do the Phase 2 and attempt to quantify the risk you are accepting. 

Risk can, in a very very simple way, be quantified by the severity of the event and the likelihood of that event happening.

It's hard to quantify that into your calculations but it saves a lot of headaches and puts more money in your pocket.

I like the idea of quantifying your goals.  

The appraiser should have gone outside the time range of 9 months if needed to determine market value.My lender filed an appeal for the appraiser to quantify certain adjustments (lack of condition/curb appeal, lack of adjustments for bedrooms/bathrooms, lack of adjustments for other desirable features in my market such as porch + deck + Single-Family Detached Home (used twins/townhouses as comps with no adjustment).