Were incomes and employment verified?  

Double taxation would be when you have to pay US income tax and then also Canada income tax and you don't receive a credit for your US income taxes.

The outcome was great.. they secured a mid-century home with a rental unit that offered both a comfortable living space and a reliable income stream.On a personal note, a friend of mine made a bold move and purchased in a slightly less popular area.

I start with the location info, growth, median household income, all the vestmap.com DISCERN metrics.

I could use gross income or have the property assessed for assets and it would come out to at least $1M.

You decided to invest in a property in a low income market.

And some of them are structured in ways where they produce passive income. 

In truth, my goal has always been to replace my W2 income, so the focus was on the $ coming in every month, and not so much the number of properties.  

Again, not unless its actually that your gross income (including cleaning fees) is 100k a year and your gross rents are actually only 75k. 

Can someone explain the variables that are used to calc the Income-Expense Ratio.