So the likelihood decreases you can do that.And, not for nothing, but commerical banked typically want things like “net worth equal or greater than the loan amount” and/or “9 months PITI in reserves.

If you don't want to decrease your cashflow and the tenant doesn't want to bother paying you every month, simply ask for postdated cheques for the whole year.

The idea at the time was a 30 year mortgage but increasing the payments to 25 or 20 years, as I'm not losing the money its just becoming equity instead and should something go wrong I can always decrease the payments down to the 30 year level.

Monthly proceed after expenses = $295The catch to the above numbers is that I think I could have the property taxes reassessed using the purchase price and significantly decrease the tax burden thereby increasing profit.I have asked the bank for rent rolls or income statements and he agreed to provide the information.

And due to the inevitability of unintended consequences, this type of bill becoming law would likely cause many planned communities to respond by instituting blanket bans on any type of animal...thereby decreasing the options available to pet owners and directly undermining the law's intent to increase availability.  

Your options are to increase rent (RentJungle will tell you how high you can expect), or decrease your financing payments (decrease purchase price, negotiate for a lower interest rate, etc). 

Definitely would decrease extra plumbing required. 

BE FLEXIBLE, whether that means decreasing rents, paying a part of utilities (again remember the tax breaks), or having some other sort of strategy.

If one unit goes empty for two months you get a 5% decrease in Gross rents.

It makes sense to me to first find a property with a favourable yield (comparing real estate in UK, US, Canada and so-on), then find a local representative/agent to facilitate the purchase, rather then finding an agent that only shows the few properties in their portfolio.The time it takes to sell a property can also be decreased by opening up your listing to the global market (i.e. marketing to overseas investors).