Hi Mahmoud, I have done it on the Quebec side (Gatineau) but I used private money.

(English is not my first language... so sorry in advance :P ) Hello my name is Didier, im from Québec,  Canada me and my partner have 108 residentiel doors.

In Quebec, doing so constitutes a legal violation of information disclosure...

Just to put some quick numbers to what everyone above is saying, don't know about quebec so i'm using some general florida numbers:puchase:purchase: 13900closing estimate: 3000renovations: 1000 - you didn't say if it needed work but it will need somethingmonthly:rent: 600property tax: -1000 management fee: - 60  (even if i plan to manage myself i include this)insurance: -67capx: -60vacancy: -50TotalsCash to purchase: 45,700Net monthly income: -207.11

On a side note, such "good" debt is not always in monetary term:  in the province of Québec (and others) here in Canada, the government will pay a aspiring doctor's medical school tuition in exchange for 5-8 years of service in a rural or remote community upon graduation.  

I don't know how it works in Quebec.  

There are several BP members here from MTL who I am certain will catch your thread header and make themselves known.Along that line, there are many other Canadians here who can help by fielding Canada specific (or Québec specific) questions you may have as you progress along your path.

Here are some examples of other expenses:Small MF: Energy costs (specially heating in Quebec can be costly), landscaping, snow removal, property management, capEx (major repairs, such as roof, windows, etc.). 

Purchase price: $680,000 Cash invested: $136,000 NOTE: Couldn't get the right city & province (should read, Sherbrooke, Quebec, Canada) What made you interested in investing in this type of deal?

Moe:In Ontario that is true, it is also pretty much true in Québec, Nova Scotia and {perhaps} BC and Saskatchewan, but here in New Brunswick tenancy law is fairly well balanced.