The insurance company is waiting on contractor quotes, the roof damage is tarped.

It's a standard cosmetic fixer because it has great windows, brick home, brand new roof and new water heater. 

From a swooping roof line to a custom metal awning, this home has major curb appeal but it doesn't stop there!

No tenant has ever refused that offer from us in the last five years and required us to assert our right.Look, your tenants know that you and they are not in a relationship of equals, that you, ultimately, own the roof over their heads.

Need an inspection on electrical wiring(alum vs Cu), popcorn ceiling, plumbing and roofing.

The reason for this would be more units under one roof and house hacking (5% down)-There is still potential for more value if I add a second bathroom to the upstairs master bedroom. $$$2-Rent it out and use a HELOC to fund an owner occupied 5% down MFH-House has potential to bring in around $800-$1000 CAD per month in profit 3-Rent it out, move in with the family until I have enough saved up for another down payment.

Here’s some details...House is worth 235-250KWe owe @80KMortgage right now is $9603,200 square feet 4 bedroom 3 bathJust replaced roof, kitchen, new carpet, paint, most of the windows.

New mechanicals, roof is 3yrs old.

@Jacob Breazile - Make sure to account for the following expenses:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance Property Hazard InsuranceFlood InsuranceEarthquake InsuranceUmbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy) Water § Sewer § GarbageElectricityNatural GasPropane9) General Maintenance (usually 5%) Upkeep § LandscapingSnow removalRepairsNew Appliances10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.)

If your roof starts to leak, AC breaks down, etc., you'll have to deal with expensive repairs while hoping your home's appreciation will come out positive.If the market corrects and you have to hold on to the property longer, you could be losing money from having to handle repairs while you wait for the home price to go up.Forced appreciation through rehab is your way to minimize these unexpected costs, not speculative appreciation.