It would appear that putting money into the place in terms of flooring, new kitchens/baths, or the like at this juncture wouldn't yield much return so I think you are wise to keep your repair costs low.

I'd say that's a wise move, don't rush things, but stay steadily toward your goals.

Hi @James Wise!

So 820.79 (with out property management or repairs/vacancy) would be your break even cash flow wise.

@James Wise Thanks!

Invest wisely in locations.

I would like to find something in the DC area because it will always have a renters market, I could liquidate pretty easily if I needed to, and I would be close (mileage wise) to my first property which would be ideal.I am also considering properties in my college town.

A lack of financing options didn't make the plan work out at this time though.Instead, my wife and I are thinking the first place we buy should be local and would purchase a multi-unit house, duplex, triplex, etc. in a fairly affordable neighourhood right in Vancouver.Any advice for someone trying to make a wise decision in the overly expensive Vancouver?

He will have zero interest in anything wholesale wise, but I may be able to get you a sit down with him and from there its all on you.PM me with some hard info on what your willing to do and why, and what you would like to get in return.

Originally posted by @James Wise: bummer.