Not exactly appealing for a future renter even with a decent restoration.

I'd recommend getting a few deals under your belt and to keep track of the results with the goal of using them as a confidence boost for future potential partners/private investors. 

If you want to hold for a while take a look at the cities light rail and the future plans.  

Forward into the future, I listed the home (I am a Real Estate Broker) and received multiple offers on the property.

I'm researching different markets across Ontario (mainly Toronto because I'd love to be close to the city) for the purpose of buying and selling as a registrant, but also to fix and flip homes.I look forward to mingling within the BP community and absorbing as much knowledge as I can from all of you (and providing some of my own in the future)!!

The plan is to do the same in this endeavor.Love the podcast/ site and only hope that I can constructively contribute in the future,Patrick

well I walk into their office and ask for their financials, ask about future special assessments, look over the balance sheet, ask about limits with renting units ect.

Concerns: time wasted building future company and not having the company name/business/brand out there first.

I'm looking at some acreage with 4 rental units on site and need assistance in determining obstacles or restrictions on future use of the property for a mobile home community.  

Not a CPA or tax professional or expert...but in the year in which you purchase the home you should be able to reduce your taxable income by any points that you pay on your mortgage loan...Also, you will be able to reduce taxable income by the amounts that you pay in property taxes as well as interest on your mortgage loan in the current year as well as future years.