For anyone who has experience with this, 1) is this a good route to take?

Any and all advice are welcome as this is my first time working with a PM/co-host.

Quote from @Michael Anderson: @Adam Bartomeo, Thank you, so is it not necessary to inform the tenant?

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Is it my responsibility to deal with this ?

Plus scan the local Craigslist to see what used furniture is out there.With all the questions you have asked, I don't think you said where it was located.

You can sell the property and hopefully break even, chalk this up as an educational experience, and try again.Next time, look for property with more wiggle room.

Purchase price: $430,000 Cash invested: $46,618 Sale price: $589,000Fix and Flip in CB PP 430k Reno 46K Sold 589k ~ 3 Month TurnWhat made you interested in investing in this type of deal?

This is true, and there are always opportunities in the market.

You’ll have to adjust my US numbers to figure out how it works in Canada.