Quote from @Chris Seveney: Quote from @Jeffrey Farkas: I bought a property in a foreclosure auction.

You may get better results by purchasing a duplex, triplex, or fourplex.Here's a guide that describes what good cash flow looks like and how to analyze a property.

It gets tricky because wind can be argued as the cause for almost anything, besides water.Is there a way to complete some preventative measures like cutting trees back around the property...? 

After 8 years or so, you've got three or four properties and the world opens up to you at that point. 

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).

We are a boutique firm in Chattanooga and every agent in our firm is personally involved in either real estate development, owns investment properties or flips homes. 

I am a fellow investor also looking for my first property but I also have a contracting and property management company.

The first mistake is the property is free and clear.  

Quote from @Neal Schadler: I have several properties in Cleveland and the surrounding areas.

I mean one of these posters was told their "turnkey" property had dangerous sidewalk conditions questioning how "turnkey" the property was and their response was the tenant's don't care about the sidewalks.