What type of properties did you invest in and what kind of returns are you getting?

I immediately recognized that the listing agent/property manager had the current rent well below market & the asking price massively wrong.

I wonder with Canadian economy struggling if there is potential to purchase distressed properties that could be converted into long-term rentals or successful AirBnbs (especially in the cabin markets that have been hit hard).

Are you primarily looking for cash-flowing properties, distressed deals, or value-add opportunities?

Assume you never met them at the property, and fielded 1 phone call from them.

Two separate property appraisers (at the direction of the lender) were sent out to appraise, and neither was willing to appraise it as a "residence", and thus financing fell through (conventional primary loan).

I'm defaulting on a property and am wanting to sign the property back.

Purchase price: $420,000 Cash invested: $120,000 5 bedroom 2 bath property with pool, shed and playground in the backyard.

Understanding exactly who is the decision maker for property is not as simple as looking through the assessor records.

I learned how to manage rental properties well with this property.