Quote from @Zach Edelman: Nice deal.

Nice thing here is property maintenance/expenses is turned over to the tenant/owner and you're out of the landlord game, but still get monthly income.  

Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.

Lesson learned - do a better job screening your tenants...Consider investing in greener pastures (landlord-friendly states)

Lots of building going on, and lots of jobs. 

@Steven Johnson - Thank you for sharing your file - it's a great starting point - it's always nice to work off drafts rather than reinvent wheels.  

@Skyler DillmanWould be nice to connect Skyler....I’m in Saskatoon

Quote from @Nikki Samoson: Quote from @Sonya Brown: Yes I heard it was dismissed and will let Charlie do his job or wait ti hear from him  hey thanks @Sonya Brown where did you happen to hear it? 

Both offer fixed rates and 30-year terms as a nice contrast to commercial financing.

Based on the photos we wouldn't recommend a full paint job.