The following is an excerpt from Andrew's original post...WHICHEVER IS THE LOWER AMOUNT (super important)I understand the caution in all this, but entertain a scenario..I'm having a very difficult time passing up cash-only deals based solely off the knowledge that the ARV really isn't going to go anywhere due to the home being livable/only needing cosmetic upgrades/being sandwiched in between 2 or 3 other units of a multiplex...I say again I'm having a hard time forgetting these deals because they would cash-flow nicely and are affordable.

Nice to meet you and thanks for reaching out!

If you decide to replace it, you may want to consider vinyl, the new solid core stuff is nice.

The nice part is that I need $27K down payment for the $135K property and $22.4K for the $112K property which I will use the line of credit to pay for.

Yea, A nice round $2000 bill seems like a made up number.

Irvington is a nice area. 

Nice looking from the outside.

@Jeremy Zwicker: I like the Antigonish market as well , most are certainly cashflow plays as there is little to no appreciation there, however, if the property is well situated and you provide a nice living space, you will have very low vacancy due to the high demand for off campus student housing and rents are comparable to the HRM.

Too much rock, too little water, too much heat in the summer, winters are nice.

Personally I would be happy paying less than I am currently on rent ($1750), if it comes with some nice long term appreciation, and the potential for cash flow as equity builds up.Thanks again, and I'll be sure to reach out once I have a better idea of where we want to go.