Don't destroy it though.

I'm very much saying the same here, the city has been destroyed again this time at the hands of man, not nature.

The wildfires from November 2016 destroyed quite a few homes in the subdivision, so that does play a part in the decision making.Generally speaking a 6.95 gross rental multiplier (800k price with $115k gross) is a little under the market average for GRM.

Also, who knows what could happen down the road with the asset and it could all blow up in your face if the asset is destroyed and if market shifts. 

In 2007, the SHTF, the hard money pool dried up and all that was left was credit driven hard money loan programs, (my credit got destroyed in 2005-2006 due to a high risk pregnancy and premature birth of my first boy- he's fine now.)So, I turned to online marketing, specializing in direct response copywriting and webmaster work, and I've done that ever since, but I have never stopped wanting to be investing in real estate again.

I became an absentee landlord, and did (what I felt was) adequate research to select a good Property mgr. 10 months later, I was left with a destroyed house (+3000 in repairs), stolen appliances, and angry neighbors.

The banks can afford this, and now you've taken away from so many people.The small level operations that lend money are an efficient market, that you will completely destroy with this Act.

When I get a bit deeper into my investing career I will be diving into the niche of buying destroyed "zombie houses" (term courtesy of BP Podcast 201) and completely renovating them into beautiful, modern, and trendy homes available for homebuyers to purchase. 

@Shiv DuttaDo a Google search for “tenant destroys house Regina” or similar.

They will do everything from destroy the flooring to damaging door trim and walls.