Roof, all plumbing, all electric, all HVAC, all gas lines, adding bathroom, moving walls, all windows, huge deck addition, drywall every square inch.

I am ready to take action and put an ad on Craigslist and eventually sending out direct mail to wholesale.

Basically, you take on a massive amount of extra risk, courtesy of the Ontario Govt.I would consider it to be a red flag if they suggested that the checks will come straight to you.

Had I mortgaged it, I would have had a bunch of extra cash then for several other properties.

We're thinking of charging $2200, I put up an ad on CL and we've gotten a few replies.

Is it better to pay extra toward your principal portion of your mortgage per month OR is it better to save for your next rental property?

Great way to learn while not spending any extra time.Hope that helps!

The amount you originally paid is irrelevant if you can show the current value is comparable to what is selling today.Emphasize the value you added to the property with the improvements you made. 

The sellers also needed to find a new home to live in so the extra time benefited them.My two cents is to not be discouraged about your offer as you do not know the seller's situation and the contingencies on the other offers.  

Carlos Castillo as far as I know all ads are,solicited or not.