I know there is some glitz and glamor to "being your own boss", but as a new agent there is so much knowledge that needs to be soaked up, and applied on top of the daily "run the business"/operations items, that it can be overwhelming.

I've c/p'd the gist of the numbers below: Property Specific Inputs Offer Price $ 90,000.00 After Repair Value $ 90,000.00 Rehab/Repair Costs $ 5,000.00 Annual Tax $ 2,315.00 Monthly Insurance $ 100.00  Cash Needed Acquisition Costs $ 26,720.00   Holding Costs $ 692.74   Refinance Costs $ -   Total Cash Needed $ 27,412.74           Rental Income Gross Rental Income 1.94% $ 1,750.00 Operating Cost Assumptions Vacancy Rate 8.0% $ 140.00 Maintenance 9.0% $ 157.50 Capital Expenditures 9.0% $ 157.50 Property Management 10.0% $ 175.00 Total 36.0% $ 630.00 Owner Paid Utilities Electric/Gas ($/month) 8.6% $ 150.00 Water/Sewer ($/month) 11.4% $ 200.00 Trash ($/month) 0.0% $ - Total 20.0% $ 350.00         Cash Flow Calculations   PITI $ 692.74   NOI $ 770.00   Monthly Cash Flow $ 77.26 Net Cash for Deal $ (27,412.74)   Cash on Cash Return 3.38%

(they operate North of the river)While I am an agent I use my license for my own investing.

Title company, Insurances, Contractor(s), know the market, know the days on market for properties.Find out from lender if there are monthly minimums, how many loans they're closing monthly, how quick it will take to close, and what they will need from you.You're going to want to operate quickly because the longer you have the money the more it will cost you, so get your ducks in a row.  

You will be able to tell a tremendous amount about the company and how they operate with one simple phone call.

If you're thinking about buying it and renting it, you'll want to determine the operating expenses for the property and market rents in that area. 

I know there can be differences between how the US and Canada operates in terms of legal structures, financing, and others, so I'd like to find some help on the topics specific to Canadians.A little about what I'm planning on investing in. 

"The bottom line, multifamily buyers are wise to evaluate how apartment deliveries and pending development pipelines in their area could impact asset values and operations for them locally and in markets across the country."

I would say Annual operating costs have increased due to such things as property taxes and insurance.It much easier to do a 3% to 5% increase every year, than wait multiple years and then try and catch up.

Long story short, we operate a couple of different businesses from home and our space in our home is rather tight to live and work efficiently.