I wonder with Canadian economy struggling if there is potential to purchase distressed properties that could be converted into long-term rentals or successful AirBnbs (especially in the cabin markets that have been hit hard).

Mortgage Balance: $430,000 Monthly Mortgage Payment: $3,100 Current Rent: $4,100/month (below market rate, planning to gradually adjust it during yearly renewal to eventually catch up to the market rate) Appraised Value: $900,000 (purchased for $657,000 8 yrs ago) Managed by a property manager Loan assumableProperty B: Located in VA.

Can you count purchases made by friends/family as expenses?

Purchase price: $28,500 Cash invested: $121,000 Sale price: $170,000 SINGLE FAMILY RESIDENTIAL fix and flip What made you interested in investing in this type of deal?

For every angry client we have many more that are doing just fine!

The biggest challenge is to find one to purchase at a reasonable cost. 

Awesome to hear you are in our market, we have a lot of clients who invest both out of state and in-state like yourself!

Purchase price: $184,000 Cash invested: $92,000 This is an international investment in Split, Croatia NOT Santa Barbara, California.

This is great when purchasing from a family member if they are willing to consider a discount. 

I'm looking at purchasing a motel that was converted to 10 long term rentals.