@Jason ParenteYou need to find an experienced CPA who specializes in real estate to help you asap before Uncle Sam starts knocking on your door.

Its important for the audience to know you did not buy turn key... the seller maybe you got with a marketing company .. but true turnkey would have the home completely remodeled then a new VETTED tenant would go in.. there would be no hold over bad tenant like your experiencing.. someone has done you  a really bad deed here.  

I'd like to think those people who are more successful and experienced would rather help someone who's trying to get to that next level.That being said, I'd like to just move forward, and if anyone has something helpful to contribute, I look forward to hearing from you!

DO Ohio from Ontario  secret it boots on the ground and great support teams  ...Its a pretty small world  and one does not need to be where one is investing  one just has to have great people there... if  I can be of assistance let me know  and I am always open to new locations if I have the proper support teams on the ground  ...look me up if interested

So also is the paid help from a qualified and knowledgeable appraiser like Bruce Nell, and the help of an experienced acquisition's attorney.

Based on a couple discussions I've had with more experienced people and things I've read and heard, eventually you will just come across someone who will accept your offer, or come closer to your offer. 

The only issue I have had so far is with our agent, he has been a pleasure to work with, very nice and helpful but.... in my opinion not experienced with investors.

In the meantime, I'd suggest teaming up with an experienced investor (for a profit-kicker on your next few deals) to simply leverage their experience as part of your team for that deal and to include them in your underwriting package (your lender pitch).

Call the comps and speak with the property manager or experienced leasing agent and ask a ton of questions, but be respectful of their time as they don't have much for someone not renting a unit.  

Hello to all Montreal real estate investment people!!!I don't know about you but I am finding difficult to find events or meet up that happen on a regular basis to meet new people, share stories, experience and create...