The margins aren't wide enough (cash flow is negative even without paying insurance) and the reserves aren't deep enough in this deal to allow for a cushion when things go wrong, which they inevitably do. 

SFRs in the suburbs are for growing families who want to be in certain school districts--these properties will have high property taxes and be at the more expensive end of the spectrum, but you can find fixer uppers and sell them at a good price after rehab if you are patient and look deep--try auction sites like Auction.com, Williams & Williams, Xome, Hubzu.

To get this back to where it should be, you'll be spending way more money than you anticipate, because it will mean renovating all the walls.My advice is to dig into the walls and see how deep the baseboard goes, then pull a few.

They’re already trying to tax the water we drink... next will be the air we breath.

Deep Johal how's your investment experience In Canada?

I wouldn't hold my breath for an apology. 

Granted I’m not knee deep in these types of investments but it doesn’t exactly seem like it’s enforced from what I’ve seen. 

Granted, I am very new and still learning to analyze properties, but it says in the description that it rented for $1272 and is listed at $375k.Not sure if you were just looking at houses in the price range that Jonathan mentioned and not too deep into the numbers, but how could that work for a house hack?

I'll hold my breath...

Thank you, @Deep Johal.