Purchase price: $68,000 Cash invested: $70,000 Sale price: $195,000 I purchased a long-term rental property from the MLS that had multiple contractor issues and significant delays.

Learning how to responsibly use debt is one of the best tools any real estate investor has at their disposal.

What made you interested in investing in this type of deal?

We also have interest from some new car companies that are looking at the facilities in Windsor for re-purposing to use for EV manufacturing.

I personally am interested in creating a long-term rental portfolio but I'd be interested in hearing any strategy, ie. house flipping, short term rentals etc.

Quote from @Jaycee Greene: @Orlando Johnson Are you still looking at buying this property?

In my experience apt. conversions from single family are more prone to noise transmission. 

And this interest rate spread, say between 4.5 and 7.5, is of such impact that at 4.5 we can afford to over-pay on purchase price a bit vs market price AND we still come out ahead with significantly lower monthly servicing payments than we would have had a 7.5 and a lower price. 

What made you interested in investing in this type of deal?

LESSON LEARNED!