I live a pretty minimalist lifestyle and don't require a lot of things outside of the essentials of food, transportation, and shelter.

They are right by the skytrain station (the arteries of transportation for the Lower Mainland) = higher rents, easy rentability.

@Matthew Ruderman, a couple items I look at which are transportation and job growth as factors to steady to strong rentals.

There is no such thing as "loan insurance" for any unregulated lender, private lenders and most hard money lenders are not regulated under government agencies, at least not as to loss coverages.

I remember your shingles on sale transport debacle.  

I had an extra fridge in a vacant rental and offered to pick up her main food items and temporarily  transport them to that fridge. 

Top industries in Memphis: logistics & transportation, manufacturing and professional services

One guy told me that he spends about $100 per month on transportation.

I don't have all backgrounds of the property such as (Bedrooms and Baths, Property Tax, Principle & Interest, Neighborhood, Transportation Availability, tenant screening, etc.)From the advertisement it seems like the seller is trying to owner financing, if this is true does the Mortgage amount from the 50% rule still apply?

Detroit is a "Future City" and as such is in position to stand out as the USA's version of what other emerging cities are experiencing in terms of growth, modern infrastructure, transportation, architecture, etc.