Everyone raves about Tech Terrace and the area near campus but the houses are so expensive that your return decreases really fast.

It's truly good for society, and I make a really nice profit that rolls into the new homes, while allowing the 12-25% cash on cash return to fund the things above.

I'm generally finding about 5.5% gross returns on rent, all said and done, maybe I'll cash flow $200-300 per door with 30% down, but on a $600K plus property, the cash on cash return is pretty dismal. 

If you do make an offer, add a condition that the seller furnish the last two years of Schedule Es for the property from their tax returns.  

Our company specializes in the "end buyer" we work very hard to ensure solid returns on deeply discounted properties. 

You can have someone prepare your US return here and then have someone in Canada prepare that one.

Since its inception over 5 years ago, my overall rate of return has been 5%.... not that stellar.

Just remember to put yourself out there and tell people what you bring to the table because mentors will not just come knocking on your door willing to teach you, there has to be a reason or return for their teachings.

If you have money to make the property cash flow now with an acceptable rate of return, go for it.

@Jose Jose, glad to hear you're thinking about this- water savings are an amazing way to increase your return.