Especially young people likes the cozy atmosphere that chalk paint creates.

You may plan to put vinyl siding with insulation if blow in insulation will be expensive any way Please keep us updated :))) it is interesting topic Attic insulation may solve part of this problem Walls may be not the main problem - may be invite energy efficiency expert and check with him - what are possible ways If you have old windows - it may be even bigger problem Check in basement of you have any - you could find some insulation opportunities there :)))

Make sure you like the atmosphere of the area that you are looking to purchase.

Does it LOOK inviting from the street?

Russell GoodingLease Options can be viable if structured properly, or they can be a big invitation for CRA to fill your dance card.I would suggest you search 'Lease Option' here on BP and pay particular attention to the ramblings ... err ... eloquent teachings of @Bill Gulley on the subject.For a Canadian treatment of the subject have a look at either:"Legal, Tax & Accounting Strategies For the Canadian Real Estate Investor" by Steve Cohen & George Dube or "Commercial Real Estate Investing In Canada" by Pierre & Claude BoironThere is also a fairly lengthy CRA bulletin on the subject ... drop me a PM if you are interested and I'll dig it out.

If you invite someone to share a house with you and they become a problem for you, better have a plan in place.  

Chris, I've invited Steve onto the thread... he'll get in touch with you. 

You do have folks who like the educated and cultural atmosphere who stay put.  

Being vacation rental owners enables my wife and I to combine our love of taking distressed properties and making them better, design (you've got to furnish and decorate the place to create an inviting "guest experience") and hospitality.

oh there going to invite you into their house and sit around and drink coffee while you accuse their kid of a crime!