In the meantime we have another rental down there with management in place, so she leased it out at a rate that takes my breath away.

I live an breath it. 5, 6 years ago we were providing 20-- 25% NET caps to our clients with all in pricing of about, 35k.

Hey Marc, Its very dangerous even breathing in that stuff.

Marcus:Prices in parts of Canada have been out of control for almost a generation ... they have slowed to catch their breath a couple of times, but not for long.  

It's hard to really say one way or the other without having some reasonable estimates based on which you can calculate your expected return.That being said, given that you're young, have a good job, don't have creditors breathing down your throat, and have ample cash in reserves in case the rehab is very costly -- and I'm assuming these things based on your profile and the fact that you were approved for a loan on a $750,000 property -- I would lean toward going for it absent clear and convincing reasons not to.  

Ever since I discovered BP I have dove head first into eating, sleeping, and breathing real estate.  

Just some slight background information on me, I did one year at Kent State University studying Finance and French but after the pressure of student loans breathed down my neck I couldn't justify the cost for no definite gain.

Never give up even with your last breath........

I uttered "No guts, no glory" under my breath as I thought to myself..

Last time I was in Itaewon, I woke up the next day with a bad headache and kimchi breathe.