This has a different set of rules - taxing, loans, etc.

Buying in AB is different than BC-we don't have the property purchase tax or speculation tax. 

Property ARV: $450kTotal in: $350kMonthly rent: $4000Monthly taxes & insurance: $530[Loan 1] (via broker)75% LTV1.5% origination fee ($5062)Other fees: $1595 underwriting + $1295 processing (=$2890)Interest rate (floating): 7.25%5 years PPPMonthly P&I: $2,278Rent - PITI = $1,192***If appraisal comes back high enough, may be possible to do 80% LTV at 7.99%[Loan 2] (direct lender)70% LTVNO origination feeOther fees: $1,395 underwriting + $695 processing (=$2090)Interest rate (will not change): 7.375% 5 years PPPMonthly P&I: $2,152Rent - PITI = $1318---------------------------I really like how there's no origination fee with lender #2 so I get to keep more of the money I pull out.

There are lots of reasons: you are young and just starting out, your job doesn't pay a lot and while you save what you can, your job doesn't pay a lot or you have a good paying job, but spend most of what you make and don't save any. 

If an appraisal is needed, please get a link to pay for it from us.

Pay off student loans Spend more time with family Pay off car 2-3 fix and flips per year 5 buy and holds by end of year 5 (can be SFR or MFR) LONG TERM (5-10 yrs.)

I am now in the negatives as far as ROI with things like buying lists, paying for dialers, etc.

We've been able to pay our mortgage that way and it's been amazing!

Quick question to the Tax pros out there.  

Are the units currently occupied and tenants paying market value for rent?