That said, I have strict requirements and high quality tenants so I'll likely be better off than most other investors accepting lower tenant quality.With prices high in many markets, I'm definitely locating less deals that make sense versus a year or two ago..

Strictly based upon your figures, It appears to be a good deal for $180,000. 

They follow a routine.

@Rhianna Raslan please do not forget some other expenses like PM(if your not self managing), Cap Ex, Vacancy and routine maintenance.  

The online "national" hard money lenders are usually brokering the loan to someone else and don't have the funds to lend- thus they have many strict requirements for their investor/lender.  

We routinely will spend $40k or more on just the kitchen cabinets, tops, lighting and appliances.

When the banks appraise the property, are they going to strictly use the cap rate method of valuation or will they use a combination of methods such as comparables and cap rate, or some other method?

I know Canada had pretty strict rent increase laws.

You have to treat them as god, and don't ever give the impression you're trying to do the minimum.I'm sure you will follow strict standards: sprinklers, handicap access, natural disaster or flood protection, stormwater management for impervious surface (might need substantial room for a settling pond).

Routine maintenance request, general questions/concerns, should always be communicated through email.  3.