The application and process for unpaid rent (if you are able to read French, I would recommend following the Régie site en français as the English translation is frequently cumbersome).  

That would translate into about $100,000-$120,000 depends on the down payment, interest rate and tax level, etc.

I've seen a number of Pro Formas in my short time researching and investing in real estate so these concepts weren't necessarily NEW, but it was a good closer look at the structure of a proforma, and the formulas that make up the many aspects of a pro forma, and what they translate to... what they tell you about a particular investment exactly.

To conclude that one market is a better investment opportunity than another simply because it has a higher rent to value ratio fails to address how factors - like the need for management, occupancy, property taxes, special assessments, and a plethora of others - ultimately effect how that ratio to translate in to return.To say that "The high purchase IS the problem.

Besides others might be able to copy/paste into google and translate(Thank You Google) lol.

There is absolutely zero tolerance for personal feelings/emotions in making business decisions which translates directly to also managing a business.

Translate that to real dollars.

Using a traditional mortgage, this translates to an out-of-pocket of about $12,500 ($10k down pmt, $2500 closing costs).  

@Steve Vaughan perhaps you could have simply pointed out the specific defect with the property "steep stairs with poorly placed railings" rather than translating that into who would or would not like the property.What may be a better way to say it, if the neighborhood is rough for instance, may be 'I wouldn't want my sister living in this hood.'

I had to stop reading when you tritely cited Ohio rentals and the on paper numbers not translating to reality.