Your question is one that most Chicago investors, including myself, have gone back and forth on many times. 

Real Estate is a large asset class that has many different strategies inside of it. 

Would love to connect with you and discuss anything real estate in Nova Scotia! 

Purchase price: $305,000 Cash invested: $85,000 Gross Rent: $3,400PITI: $2,270PM fee: $340Basic heat (on boiler but tenants have baseboard electric heating they pay for): $250/mTrash: $164Water: billed quarterly and charged back to tenantsCash Flow: $376I do not include capex in my analysis.

For this I’ve taken the payment amount of the second loan and included it as an additional monthly expense.

@Zoe BrennanStarting to invest in real estate is a great idea. 

Some homes are already rented by closings time and some are not. 

The best strategy is to not quit your day job until you've built a portfolio big enough meet your income requirements.You have three potential paths.  1) Build an active investing business, something that takes time.

I have had to file claims with airbnb insurance twice and both times airbnb quickly paid out in full.

Jonathan Having worked most of those markets (Detroit included), I'd say most all of them will offer investors a very similar return.