Welcome to my ignore list.

Expect to pay about 20% for mid-term rentals.Since you made the wise decision to get a 15 year mortgage, ignore any "rule of thumb" you may read on BP or any where else.

I’ve seen many clients and property owners ignore this small detail, but it’s important.

Cash-on-cash return = Cash_Flow / All_In_Cash_InvestmentYour formula is calculating NOI / All_In_Cash_Investment, which completely ignores Debt Service and Capital Expenditures.Better you make these adjustments now in a spreadsheet, rather than later on in your bank statements!

For all the people out there that are happy about the NAR Settlement, that are happy about "sticking it" to the RE Agent, claiming that RE Agents make too much money, don't provide good service/advice, that they don't have to pay high commissions any more, and that they can fill out "paperwork" and sell a house themselves...are the embodiment of ignorance and inexperience. 

Then ignore further comments from the tenant.

I'm not stating an opinion so much as just throwing out alternative ideas which seem to be ignored in most conversations nowadays......

You'd be ignoring the pro's of real estate investing if you let a mortgage run for 30 years without refinancing the equity out every 5-10 years.

With a mortgage, you MIGHT get hammered if real estate prices fall, but you WILL get hammered when some economically ignorant "tenants rights" advocate or politician encourages people to not pay their rents, and now you can't make your monthly nut.

Of course it ignores the fact that several provinces have rent caps, so landlords can only increase rent when a tenant leaves and we have a turnover.