Now here is the battle, usually that number comes out to be around 30-40% of ARV.

Something smells fishy though.

We pulled all the carpet, etc  but the smell was still super strong - it was into the walls, the ventilation system, and attic! 

Was a complete mess inside, very bad smell, rat infestation and all the attributes making it a good deal for an investor.

Was a complete mess inside, very bad smell, rat infestation and all the attributes making it a good deal for an investor.

Having your spouse's support is absolutely critical, otherwise, its a up hill battle all the way. 

A councillor used STRs as an election year battle cry and turned the entire process topsy turvy.

That means stop running numbers (useless if you haven't looked at properties in real life) and start getting out and going to Open Houses to see what 200k or 300k looks and smells like in real life.

The fact that you want to get started and take action is already half the battle and as a long time listener of the podcasts I'm sure you already have a good foundational understanding of the basics.

But trust me people are not stupid they will smell insensitive people like you from 20 miles away!