Aka kinda play it safe in a way where there won't be a huge lose if there is but won't be massive profits either.

, but i ran the numbers and after that it didn't look so appealing, and if you were to factor in capital gains and other fun government taxes, well, i don't think it's a good option, and there are for sure better ways to exit.The numbers play out like this (not considering taxes, capital gains, and other factors, i was just trying to play around with the idea and keep it simple for the start):Your NOI: ($119,160 + $30,000)  - $70,000 = $79,160 or $2638.67 per year for 30 years and $219.89 per month for 30 years when you factor in the 30% down into it ($137 per month for 30 years)Cap Rate: 2633/70,000 = 3.76% per year for 30 yearsCash flow: $331 per month for 30 years but only $137 of that would be profitROI: 2.33% without the 30% down factored into it (3.76% with the 30% down factored into the calculation)Total ROI = $79,000/$70,000 = 112.86% over the course of 30 yearsConclusion:Well, from what i see here, the problem is the interest rate used.

While it may be true that schools aren't very good in that district, when compared with a GoodSchools.com rating in the rest of Richmond city (surrounding counties are a different story) there isn't much of a statistical difference in quality anywhere inside the city limits which levels the playing field a bit.So that brings it down to whether a potential investor is comfortable landlording in Barton Heights.

I'm a new investor with some cash to play with.

There is a lot of sh.t I have to worry about in London, but dead tankers was not of them.

Definitely a creative approach, and sounds like it's going to play out well.

(as there are every where) You would just need to spend a good amount of time really learning the area and being comfortable with all the forces at play where you eventually decide to pull the trigger. 

Toronto is way out of control .....Think about it wages are not changing, yet the home prices are skyrocketing....any single family home in TO is 1 million min.... unless everyone in Toronto is a millionaire these days and making $250k plus its just a big credit bubble....I sold my house at Bayview and Steeles for $1.2 million and it was average at best....The house in my eyes should have been worth $400KI currently reside in a exec townhouse in Richmond Hill which I bought for $300k and is now $900K its nuts ...predicting the correction impossible....play safe in these crazy times...my guess is 30% over valued.....FYI in 2008 i bought a $400K Condo in Las Vegas for $125k so the corrections can be severe.....people in Toronto think it will never happen.....lets seeJust my 2 cents...:)

Kids playing, mothers pushing strollers, mowed lawns, cul-de-sacs, off major roads, little traffic (so kids can play outside), good school district, walking distance or a short drive to shopping.  

Basically, if they are not going to fix these the deal is dead.