Gross Income: $132,00012 - two-bedroom, 1 bathroom unitsFully occupiedInteresting quirk - 4 units leased as furnished corporate rentals to large multi-national corporation with plant nearby.

I wasn’t making fun of you, I was making fun of the incorrect information posted by David Abbate. 

I have an accepted offer on a 4 unit property for $300,000 (310 Hallcock St, Pensacola if you want to take a look). The property needs some work ($80-$95k estimate... contractor going out next week). All units are occ...

=)Ottawa is actually a really great place for rentals, our rental market is in need and properties are fairly inexpensive compared to other suburban areas, we also have rentals in Marseilles, which is imo another great place to look.One recommendation I have is join up some groups like Ottawa/Marseilles/Lasalle Co for sale or rent on facebook and you will see a lot of people posting rentals and people looking for rentals, I think it's a good starting point if you're unfamiliar with the market to see what people want and what there's the need for as well as comps and prices.Every landlord I know gets tons of inquiries with minimal advertising in just a few days and so far our experience has been the same and actually, we've had some really amazing tenants (but we do tend toward A/B type properties so that may be why).However, if you're not familiar with the area, I do think there's some quirks in this market, so I do recommend getting on those sites and getting a good idea what people are looking for before buying anything.

@Keith McGovernI quickly learned to never pay a contractor for work until you have inspected it yourself, I paid out for work that he said was done, and it was either not done at all or done incorrectly and he took about 3500 bucks for work he did not complete.

I used the word expense incorrectly. 

@Karen Eggett incorrect. 

Few questions:1) I suspect this is incorrect, but am I wrong?

I'm concerned that because the deal is a few hours away from my general market, I'm going to incorrectly evaluate the ARV of the property.

Telling people that they have to be a broker to be your PM is also incorrect.