There are over 500 totally legal deductions that businesses can use to your advantage. 

For the second investment, I only set aside $2,500 which gave me $7,500 total.

@David Bokman I totally understand what your sayin.

Betting for appreciation? 

Just have to ask around, some may not want to bet on you yet but after you have more experience it won't be an issue. 

I've been looking for houses for about 8 months. 1999 Market was on fire I put down several offers on homes people would come in with cash offers and get the property or there was a huge line of offer prior to mine.My aunt actually found the house that was for sale by owner.It wasn't in the best condition but I knew I could do the work and fix it up and turn a profit on it and it sure bet renting.

@Michael TruebaMichael: Your best bet would be to call a couple property management firms who have expertise in the asset size that you're pursuing and ask them what they're seeing across their portfolios.

That in conjunction with planned immigration numbers into the GTA make it a pretty safe bet in my eyes.

But by total coincidence (I hope), it ended up getting an offer the very same weekend I was looking at it and didn't have any interest in getting in a bidding war

With that being said use the 70% rule you can't buy and rehab total budget more than $175 All In.