Newer homes (on expensive land) may have less than 50% expenses, but because they're also likely to have a lower Rental Return Ratio, they may still be difficult to show positive cash flow, if 75% leveraged.Whereas cheaper/older homes in non-appreciating markets, or condos/apartments in high property tax/HOA areas, can have a HIGHER than 50% expenses per month, but may still cash flow positively because of a super-attractive Rent Return Ratio.Somewhere in the "middle" of those extremes, the 50% Rule can be quite accurate!

It's extremely hot around 100-120, but there's not a lot of profit to be made there.

I'm extremely excited to get started...THE RIGHT WAY..and definitely with the right group of people.Hope all is well with everybody and hope to speak soon!

There's also a small spot on the back with sitting water against the building that my broker/investor i was with said he knew the fix (he's extremely smart and didn't make it a big deal so i trust it's not a deal breaker, and theres no basement) Outside is in pretty good condition.

We always recommend exhausting that avenue first to save everyone some time, but in the scenario you described above, you can't (for at least 2 years), so this is your next best alternative; if you're going to do anything.Stephanie

He has been fantastic, is extremely knowledgeable, and is saving me about 3k per year now that I switched from Foremost. 

Hey Everyone,Along the way in my exhaustive quest for good, credible and useful information pertaining to Ontario Landlord and Tenant matters, I came across a blog, written by a Residential Landlord and Tenant Lawyer in Ottawa, Michael Thiele.He has a variety of blog posts that will give you some good, accurate information on landlord-tenant matters from a legal perspective.  

Its exhausting.....6.

If you feel you've exhausted all avenues of learning than I would go the guru route.  

You still have to be extremely educated on the topics and know what you are entering.