So, they bought an OOS property (usually a freshly rehabbed A-grade house in a C or D area) because the house looked awesome in pictures, and the cashflow looked good on paper.

Typically, a gift giver will sign a form stating it's a gift, and then the bank requires them to show a bank statement that reveals the transfer.

Then, look at any updates that might bring in MORE or HIGHER rents, such as kitchen, baths, fresh paint, clean floors (carpet or hard surfaces), ceiling fans, window AC units, etc.

The inspection revealed that he had taken down on living room blinds, bedroom valance to the blind.

What I find here is that if you are starting with a fresh mortgage at today's rates it is difficult to cash flow.

In the ever-shifting world of real estate, where each new day brings fresh possibilities and unforeseen turns, the dawn of Artificial Intelligence in Homebuying.

I recommend that my clients use life insurance to plan for the future tax obligation: either there will be a death benefit to pay the tax or there will be cash value that can pay the tax.Even if the seller chooses to remain in real estate, when they buy their next property, they will start off with a fresh depreciation schedule.

Just get painted to make an old roof look fresh.

At the minimum, the home needs to be freshly painted, newer flooring, and all the appliances in good working condition. 

Hi Bryce,Although this is a three month old thread, but its still fresh opinion about the Soo market.You are right it has a huge potential for student rental, just one need to aware of the area they are investing.