A math approach is admirable, assuming you have faith in your assumptions, but what of practical considerations. 

But you might want to do a bit of homework at the local REIA group this round, heck the marketing team from Fortune Builders will be back in town in a couple of months and you can always go buy their stuff next time.Sorry for the typos.

The math says that $400K that earns 15% would bring $60,000 per year, which replaces your $5K income.

Do your math, build models to understand how the properties cash flow, build in contingencies for things going wrong (they will), and remove emotion from the equation.

And I hope this post could become a place where investors can come in to learn about real estate math as well.

Where I am struggling is when you take into consideration the tax due because the CRA taxes you on taxable income (where the big difference being that you can only deduct the interest portion of the mortgage payment so even if you cashflow positive, you have negative earnings after taxes), I find it very difficult to make the math work unless you put high % down payment.When you invest in Canada, do you only look at cash-on-cash return or because of the tax treatment in Canada, do you look at the taxable income as well?

I would do your homework, and if you want to go through the expense of attorney then do so.

Of that remaining 10%, most of them have a "not technically sales" sales job... a high school teacher is "selling" those kids on studying and doing their homework on a daily basis, for example, and on the notion that Algebra isn't mysterious witchcraft, in fact it's something that you can understand and apply to your daily life.

If it is their own listing, and really even if it isn't, you want to make sure you do your homework and look at the comps to make sure you are not overpaying for the property.

In time there will be income to distribute and eventually there may be the sale of the buildings.For the sake of easy math let's say that the buildings cost $1M and the investor wants to put in $100k.