If the value of a $700k house goes to 1.2M over the next 10-12 years, you just turned $50k into $500k (not counting loan paydown and cash flow that would come over time).

But who's counting?

.- Cities like Toronto will levy another tax (Vacant Home tax) equivalent to 1% of the current assessed value of the property if the property is not occupied (rented, owner-occupied, family occupied, all count as occupied)- Land Transfer Tax: while the Province of Ontario charges anywhere between 0.5 - 2% of Land Transfer Tax when your transaction closes, you should expect to pay this amount twice if the property is in the City of Toronto .

Count the gun shots on Saturday night

Thank God the utilities weren't more expensive.So let's agree to disagree and count it as a lesson of doing business and picking the right people to be on your team! 

If you plan renting out this property, that cost recovery comes from cash flow (equity doesn't count). 

What you’re counting on is even a slow rate of appreciation, say equal to barely inflation, called it 2-3% being multiplied by 4 or 5X because you only put down 20-25%.

I'm not sure if you are planning to buy more, but I think if she becomes an agent then her time looking for properties would also count.

I definitely need to do more analysis in terms of comparing against other rentas in the area and ideal beds and heads count. 

I do not know PL too much but I know it is the most popular for small unit count operators.