There are some good opportunities here, imo, but I'm afraid the environment combined with the crime rate will stop people from renting or buying here.Is a whole seller someone with a different strategy compared to the fix and flip guys?

Prior to starting to flip full time I spent a year studying and learning the aspects of flipping: how to find deals, deal analysis, making offers, the renovation process and timeline, and staging/marketing. 

So I'm thinking that she needs to apply and be approved and sign a new lease prior to the date that he wants to terminate the current lease.   

The way I look at it, Canada is a tough place to invest regardless especially when compared to the US, but we can't let that stop us.

As you probably know, 5 doors and up is considered commercial, and commercial properties are valued based on their operations not based on comparables like 1-4 door residential properties. 

Base on your calculation, $6K x12 = $72K/YR, then minus 12K/Yr(Tax, Ins, Mx) = $60K/yr then divided $783K, looking at cap rate (NOI) 7.6% which is high compare to the bay area cap rate.Usually high cap rate (8-12%) = high turn over tenants (Crappy tenants) lower appreciation.Lower cap rate (3.5 - 4%) = Quality tenants and high appreciation.Been an investor in/out of CA for the past 10 years, I will always pick bay area.GOOD LUCK!

My yearly bills were $600 compared to $16,000+ if I had stayed in the dorms.

Have a licensed company test for abestos and lead prior to buying.

I look at the numbers  people are getting for rent on Balto homes , and then I compare them to what I get on mine in Pasadena , ( south of Balto ) .

My wife has an old 401k rollover from a prior job that we're both interested in rolling into a self directed IRA and investing in RE projects.