Property assessment value (Market Value as at April 2012): $275,000 Property assessment value (Market value as at April, 2014): $302,000My friend has asked for $348,000, I might be able to get it down to $345,000Here's the calculationPrice: 348,000.00Mortgage: 1,200.00 ish monthlyProperty tax: 280.00Utilities: 300.00 ish rooming 8 peopleHome insurance: 100.00I am planing to put $100.00 per month for maintenance.Total expense: $1980.00Total rental income: $3200 ($400.00 per room)Net income: $1,220.00I have been to the place, the place is definitely a "rental place", nothing fancy, not surprised!

Here's a fancy graph of the timeline of deductibilty and where it falls for those of us who enjoy pictures vs a bunch of dry back and forth between CPAs.J of A - How to Scale the Wall of Deductibility

So, if you wanted to avoid the 20% down on an investment loan, you'll have to get fancy.

People posting here have converted existing garages for as little as $37k up to $200k plus, depending on how fancy they got. 

If your agreement is poorly formed and drafted, consider reducing it to its simplest elements before adding fancy weasel clauses.

I wouldn't bother with all the fancy software till you get a few.

Never do any fancy dance stuff, lease, lease-option, wrap or wholesaling with a FC!

It's not fancy, it's not "professional" but it's efficient and gets the job done quickly.

Some of the dressed up apartment earn $1.33 a square foot.

A few weeks ago I saw a well dressed guy getting into a 90k Tahoe.