This industry works as a whole and is inclusive of all things good and not so good. 

Thank you kindly Matt for that inclusive and educational answer.I assume the first look period would be over since it's been listed on the MLS since December 2nd.

But listing below the highlights and risks that we would have to look intoRisk:We do not know about Reserve CapexNo inclusion of property management costsNo insight into amount of repairs neededMissing historical numbers on this property to get better sense of financial performanceDo not know motive of the agent for sellingHighlights:Only 88% occupiedRents are a little below marketAlready cash flowing on current numbersI'm going to try to do a write up like this daily

If we add that $9,505 to the cash flow and tax benefits we are left with an all inclusive after tax return of 20.8%.

Maybe there is a lead inclusion that you might want to remove (if there is no lead in your property). 

Some are fee-for-service based, some are minimum and some are all inclusive.  

(architectural fees, permit costs, ect) If so, do you have a hard quote inclusive of these items from a qualified contractor.Not trying to beat you up.

I thought part of the LLC setup process would be on my plate, but re-reading Sense Financial's process page, it looks like their service is all inclusive.

Michael:  Average home prices in Canada are less than half that amount ~470K ... and that is inclusive of the distorting effects of Vancouver and Toronto.  

I think that if someone included all inclusive information you are inquiring about, it would show the deal actually doesn't make sense.