Normally, Cleveland, OH is the list for cash flow but I'm not totally convinced if I should start there. 

The one to four is a very comprehensive contract that covers everything and even has room for special provisions when something out of the ordinary needs to be spelled out.When doing not so normal purchases like a sub-to, I dont use the TREC, but one that I created from several other contracts.

Normally an annual STR revenue at 20% of purchase price would provide solid COC.  

@Scott RayWhat you are paying is normal and not double taxation.If you want to only pay tax in the U.S.A., while residing in Canada, then you would need to hold the assets in an incorporated entity.  

North park, normal heights, university heights.

The odors are not always easy to eliminate within the normal apartment turnover routine.

Any advice on the normal process you use prior to making an offer would be greatly appreciated. 

It gets you a $260-$280k house with "BP reserves" and normal closing costs. 

I’m also a long term equity guy, so just having tenant pay my mortgage is enough of a deal in current climate.On the positive rents are very high for this area and even this time of year when normally I’d see no leads for an open unit I’m seeing 1-2 a week for unit we’re remodeling.Good luck in the search and congrats for doing it yourself.  

Then compare that with your normal 30-year fixed.