I'm from Toronto and exploring the market there, but I'm not sure if there is enough meat on the bones with the way asking prices are for both current properties, as well as foreclosures.

No products aside from bathroom tissue may be flushed down the toilet.

Starting in REI means learning so during the pandemic, it has been the best time to bone up on podcasts, books, YouTube for new investors.

I know my example basically meets the 1% rule, but after the finance charge, there just doesnt seem like much meat left on the bone.  

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $159,000

Cash invested: $69,600

Full rehab

What made you interested in investing in this type of deal?
...

Good bones, needed basic updating - floors, paint, kitchen counters, etc.

Sometimes there may not be enough "meat on the bone" in a sponsors mind to share a significant portion of the promote with another sponsor, so a seasoned operator with a large pool of investors may pass on an offer to partner up.

With such a large sum of money, I would definitely ensure that I was in first position, and the property had enough meat on the bone to keep me whole in the event of a foreclosure. 

This is not a quick or easy process in most cases, so you may have to continue to carry the mortgage for 6-12 months to make it work, which means it has to have a lot of meat on the bone to be worthwhile. 

These homes can appear quite lovely because of their old-world charm, but when you start rooting around in the bones, you discover $5000 plumbing issues beneath those gorgeous wood floors, etc.4.