I know that seems harsh, but, today I am quite frustrated with her performance.

Maybe I'm being too harsh, but the following scenario is all too common: An investor finds several properties they like.

I work full time as a chemical engineer and have become very interested in real estate.

Debt service is $27,253.87 per month.But I do apologize for being harsh earlier I did not mean to misrepresent myself or what I am trying to accomplish on here, But @Derek Carroll they were not offering help they were being rude and mocking my first project with snide remarks.. hardly helpful if you ask me.

That's a pretty harsh word for any tenant.

They were manufacturing it in the garage with oxygen and acetylene tanks and dozens of other flammable chemicals.

Waaaaaay more than some of the US for example.Dont get me wrong, the market is still alive and it is still possible to find good deals(well, comparatively), but the squeeze from the government has been really harsh on local landlords these days and the profits have been shrinking down all the time.Much easier to find some nice areas in US that will make you money in my opinion.

Listing Price: $239,000Purchase Price: $200,000Down Payment: $40,000Income Generated (100% occupancy):       $2,844.00 (In the process of being increased to $2,960 because of remodel)Principle & Interest:   20% (HELOC):                                                                  $227.00   80%:                                                                                  $811.00Insurance:                                                                           $125.00Property Tax:                                                                      $229.00Electric (Common Area):                                                   $60.00 (Based off previous electric bill)Water (Entire Building):                                                     $115.00 (Based off previous water bill)Trash:                                                                                   $110.00 (Based off owner's historical records)Repairs (5% of Income):                                                    $142.20CapEx (5% of Income):                                                       $142.20Vacancy (8% - 1 month annually per unit):                     $227.52Management (10%):                                                           $284.40Lawn Care (Mowing & Snow Removal):                          $50.00Monthly Income:                                             $320.68JUDGE HARSHLY!

@Harsh Singh its all about not paying to much and building a margin there that if you have some vacancies the property will still cash flow or brake even.

I know this is text, so please don't interpret this as harsh.