Too many people use their money as an easy barrier to entry in a very competitive landscape.  

I have some skills for flipping such as painting, landscaping, and various other small skills from working for a school district and fixing up family houses. 

I'll let my tenants do some basic yardwork/landscaping, as long as they request what they want to do and get my approval in writing.

Survey the area as well to determine your vacancy factor.Insurance - have your agent quote itTaxes - look them up on the county records and make adjustments for the new assessed value with the property trading handsManagement - find out going rates and include themTrash, pest control, landscaping - same...figure out going rates, if applicableUtilities - not sure who paysMaintenance and cap ex - Highly debated topics on BP; so, I'm not going to get granular...have to search the site.  

I am in Cranbrook and while our economy is different then in Castlegar, both markets are diverse, reasonable demographics, lower costs of entry and pretty high cap rates (10% cap rates are on the MLS right now in Cranbrook).I have entertained the thought of a local investor meet up at some point, maybe we need to make this Kootenay wide?  

The town home is located in a great school system in Chesapeake, established community, excellent demographics...

Look at the landscape of employment, the public sector to private sector ratio.

Are their any websites out there that could help me identify which town(s) have the most renters or is there demographic information that I should be looking to use as a guide?

My wife has a steady job that she absolutely hates, and I have steady income from owning a small landscape company.

I found the deal, negotiated the price with the seller, offered to do all of the manual labor, landscaping, offered to meet all contractors and handy men, etc.