I had one were we did not get to it for a while 6 months or so it was just boarded up.. when i went to sell it wholesalers were going through it said it smelled bad.. one of them finally went down to the basement and found a corpse that had been for quite a while. scared the heck out of him..

I know that interest on the acquisition loan can be included in the cost basis since it’s inventory.

Contractor is telling us that it will smooth out once the sun hits it. 

I keep hearing that it's not the best investment right now because of the downturn after COVID. 

Tax and Legal ConsiderationsUnderstand the tax implications and legal responsibilities associated with rental income.

Now I am looking to the US market as I believe my Province has priced me out.  

This is the scenario:I buy a fixer with some hard-money.

@Jared LyonThe devil is always in the details.

It could go higher with additional work to the house.

Make sure you check the local ordinances / zoning and talk to the local administrator to see if you can do what you are planning.