@John Edrisy equally important element of price is how's the utilization today and can I re-position the property.

I couldn't quite figure out whether or not utilities like electricity and water/sewage should be paid by Landlord or tenant, so I assumed the tenant would pay and moved on.I look forward to everyone's feedback!

You may be making mortgage payments and paying for utilities for 3-6 months while renovating.

Purchase price: $427,000 Cash invested: $2,000 Purchased a move-in ready three flat utilizing the VA loan (zero percent down).

Also, I expect to have some additional unpaid utility bills that I have to cover (the city of Toledo OH is extremely landlord unfriendly), like I had to do when the previous tenant moved out. 

I need suggestions on what i should do in this time to utilize it 100%, how can i know more about Canada Real estate market, how to know how much would i need to invest in my first property etc, what i should read first and where i should startThank You in advance for help!!

It’s other factors that are going to affect your score, like age of credit history, credit utilization, etc.  

The existing rental agreement specifies that the tenant is responsible for all their own utility usage bills (I pay water for the building, as is typical).

I live in RTP as well and had that problem a while back.There are various strategies you can utilize, but which one is the best, will depend on your goals (short or long term).

I was told I could utilize this same strategy once I have lived in the property for a year, move out and purchase another property with owner occupied financing.