Now their price is taking off because many have been priced out of SFRs. 3) A good HOA can actually be a true benefit to a new owner in that it can more cost effectively manage some basics like lawn care, pool maintenance and other exterior chores where there is economy of scale.4) A bad HOA can cause your property to loose value even in a rising market.

They are related, but only to the effect that a larger downpayment increases your cash flow.  

So this makes effective use of your nights and weekends critical. 

However, they can file suit against you.  

Has anyone out there purchased an investment property in a cost effective city while renting in an expensive city (such as Toronto)?

Bust out the hazmat suits.

Once you know your What you could sell them for, then you can answer the question of what is the effective ROI based upon current valuation.

Both the owner and I are unfamiliar with the process of being involved with an owner financed deal - it is our first time not dealing with a bank or mortgage broker.A couple initial questions for the BP community:1)  Best suited to get a real estate attorney or a closing company to handle the deal?  

How can you possibly do it that cost effectively? 

You don't know how to wholesale effectively, and you want to virtually wholesale?