Years ago I did some work with SaskTel downtown and there use to be a pretty good Japanese restaurant just down the street (not something I expected in the middle of the prairie).Looking at what you have posted - and with the caveat that I do not know the market in Regina {property taxes must be low} - my first question is does your figure of $1445/month include: snow removal, lawn care, maintenance reserve (~10% EGR ... which is more like $5500/yr) and property management (say 7-8%)?  

There was one other home in the market that sold for $8k below asking price.

Below are all the numbers.Offer to rent is $1800 per month + all utilities.

My income allows me to purchase a bargain property every 2-3 months outright but is that the smart thing to do since cash-on-cash return would be low?

I called the Realtor who was excited to work with a pro vs a novice (always try to sound like you know what you are doing) I am placing an offer $5000 below ask and will get my realtor commission to boot.

A couple of the lease rates are below market rent/sq ft, so while I'd like to bump those up a small amount as they've never been raised, I also don't want to immediately have a bad reputation with those tenants.Suggestions or past experiences?

@Lance YangProperty taxes can be lower for those that live in the house than those that rent it.

I would highly suggest you search for a property that is for sale 25-30K below neighborhood market value and buy with as much down payment as possible.

I can give his number out here on the thread but private message me or text me at my number below. 

They are all rented and it looks like there could be a decent cashflow from this acquisition however my concern is that when I would try to refinance out to get my cash back, that the appraisal could be lower based on the mobile homes, has anyone faced anything like this before....I know this sounds a bit crazy so any info would be most greatly appreciated and if there is any additional info you need from please let me know thanks