This is not a typical reno with no occupancy change.  

I typically end up with 3-4% cash on cash.I know people are irrational and enamored with home ownership but there's got to be something I'm missing.Who would bother when you can certainly do better in a REIT and in many cases equivalent in a risk free CD @ 3.3% with click of a mouse?

Typically it's 25% down conventional with about $11k in cloisng costs/pre-paids plus the $70k down and this eats into a lot of my capitol. 

As for those questions I mentioned earlier I was hoping I could get some advice on, here they are.1) What is the typical down payment a Canadian needs to pay for a US investment property (SFH)?

I typically end up with 3-4% cash on cash.I know people are irrational and enamored with home ownership but there's got to be something I'm missing.Who would bother when you can certainly do better in a REIT and in many cases equivalent in a risk free CD @ 3.3% with click of a mouse?

Others waited and went through the typical eviction process. 

They typically build homes for an all in cost well under market value.   

They typically don't make repairs unless it will somehow impact their bottom line (code violations for example). 

Also, if you plan to house-hack your property you may be potentially qualified to get FHA financing which is much lower than a typical down-payment of 20%.

@Virginia ReasorSounds like a typical marginal deal .