That's a pretty harsh word for any tenant.

Waaaaaay more than some of the US for example.Dont get me wrong, the market is still alive and it is still possible to find good deals(well, comparatively), but the squeeze from the government has been really harsh on local landlords these days and the profits have been shrinking down all the time.Much easier to find some nice areas in US that will make you money in my opinion.

Listing Price: $239,000Purchase Price: $200,000Down Payment: $40,000Income Generated (100% occupancy):       $2,844.00 (In the process of being increased to $2,960 because of remodel)Principle & Interest:   20% (HELOC):                                                                  $227.00   80%:                                                                                  $811.00Insurance:                                                                           $125.00Property Tax:                                                                      $229.00Electric (Common Area):                                                   $60.00 (Based off previous electric bill)Water (Entire Building):                                                     $115.00 (Based off previous water bill)Trash:                                                                                   $110.00 (Based off owner's historical records)Repairs (5% of Income):                                                    $142.20CapEx (5% of Income):                                                       $142.20Vacancy (8% - 1 month annually per unit):                     $227.52Management (10%):                                                           $284.40Lawn Care (Mowing & Snow Removal):                          $50.00Monthly Income:                                             $320.68JUDGE HARSHLY!

@Harsh Singh its all about not paying to much and building a margin there that if you have some vacancies the property will still cash flow or brake even.

I know this is text, so please don't interpret this as harsh.

@Jhay Spottswood cut myself off and that sounded a little harsh alone.

As a landlord, the penalty for your ignorance can be high, harsh, and potentially real estate career-ending!

Normally very visible but not always.Houses take a lot of maintenance as the elements can be very harsh on a house.

If it rents in two months, you've earned a bonus.This may sound like a harsh penalty but this is what "adulting" looks like.

Council from the wise may seem harsh initially but in the end if one adheres to it, leads to more wisdom.