Housing prices in two of our larger cities (Vancouver and Toronto) are also crazy high (eg $1M to buy a starter home)...actually in Vancouver proper at the moment the cheapest home (single family, not strata) is $1.2M...surprisingly (to me) in Toronto the cheapest home on the market is $650K (ignoring some listed for $1 as clearly there is a catch).Our mortgages work differently than in the US, and what we get for rates are only locked in for 1-5 years (typically) and then we have to renew at whatever the current rates are. 

SubTo is incredible.

It really depends on the scenario.If someone is in deep waters, BK, foreclosure, terrible credit, etc.You don't want to be above 60% LTV as that borrower has an incredible risk of default.

I’m hopeful going into this slow season  because I have traction and great SEO optimization but can’t give any sort of projection at the moment. 

For the moment let's leave out what I paid for the land, because it will vary and in any event it is easy to subtract that amount at the end. 

Hey Steve,Thanks for that incredible insight on the Tampa market!

I would have paid $100k because the massive and never-ending value that community/family gives is incredible to say the least.

It’s incredible how reinvesting can accelerate your growth.

Now there can be some exceptions for expensing certain carrying costs, but without knowing specifics it's hard to say at this moment. 

Contributors: Timothy Moore Long-Term Tenant Investment Opportunity – Detroit Brick Bungalow An incredible investment opportunity awaits at 20490 Hanna St!