They thanked us sincerely for buying it, and we were happy to get it at that price, so I'd call it a win-win!

If they're ethical, and sincerely like you, they will steer you on the right path.  

I am newbie and confused about bay area market for some time.does the large amount of construction in bay area mean prices are going up or is that bad.i would think higher construction leads to larger supply and thus rents shouldn't increase. my investor friend says its good since it implies higher confidence in upcoming years of employment. this is held me back for multiple years whereas rents have continued to increase - the numbers barely worked 2 years ago (prices were lower but so were rents), the numbers barely work now (since rents are higher but so are prices).what is the correct thing?

Sincerely,Prince

Parker, i am in a similar situation. first off i am sincerely empathic for your loss. personally i lost both my parents at the ripe age of 13.

Sincerely,Felix Liuskyfomer Bank Vice President

Correct, and I do not bet on appreciation.in the next months I am going to sell all my properties for a cap rate of 5.5% and buy more.I tried refinancing the properties and it did not work well at all, so now I am going to sell them at market value which is much more than refi.I only see renos to work very well in Toronto, I would not spend as much in Hamilton since rents are very low, but talk with investors there and see what they say.

I sincerely thank everyone who responds in advance.

Sincerely,Mark

I sincerely hope you can get $1500/month, but I wouldn't calculate the investment based on that number.