@Richard Gamble and everyone else.  

At this point, it seems like a gamble to try to predict where the adjustable rate would go.

I was thrilled to read some of the posts before joining and I have to agree with All Cash on the reality side, although I have also seen very few people buy with no money down, but not very often.

We were anxiously thrilled and spent hours deliberating their counter offer.

Gives me a bad feeling the more I look around haha, it's not ghetto by any means but it's not necessarily promising either....somewhat of a gamble in my eyes.My basic plan of attack: I'd like to attempt house hacking initially, get a feel for owning a house, renting things out, and working it that way.

I wouldn't suggest gambling.

Hey guys.. and gals,This was my very first post to bigger pockets and am thrilled with the response rate.  

I was surprised and thrilled and figured the buyers were never presented with my higher offer.

Good Morning BiggerPockets, I am thrilled to write down my first post as I have finally decided to take my landlord business more serious.My questions is one that would make sense and I would be able to answer myself, but still decided to ask people with expertise.My property lease agreement is up for renewal and my tenants have been great within the last year of tenancy (yeeei) notified me that they want to keep renting the property.

It is not practical in Ontario to gamble on increasing rents to improve returns when purchasing larger properties.