I would think 8-10 years on a rental for your initial investment return would be pretty good rates.

One of the main reasons I have come across on why people aren't buying cheap properties in my area is that they don't have 14k and the money to rehab the property; they would rather put down 5k or 10k on home in a 100k neighborhood and make poor returns until their 30 year mortgage is up.

Have clearly defined investment criteria that suits your goals (e.g. target cash flow return, value-add opportunities, equity appreciation resulting from value-add, etc.)3.

Summers in Sarnia and Lambton County are fantastic, if you get a chance to return its worthwile!  

Myers, Florida region to help me make my first move.I am looking at condos within the $10ok range.My intent is to do a buy and hold with a 15% COC return and 10% equity, minimum.If there is anyone out there who is willing to help me out I will be looking forward to our conversation.Thanks in advance!

I can pay off one $50k credit card "A" easily 18 months later, then use that $50k available line from credit card "A" to pay off credit card "B", then use the $50k line from Credit Card "B" to pay off Credit Card "C", repeat the same process...If I stop buying more properties, I can use my monthly cash flow to pay off all 4 credit cards before the 0% interest rate expires.

Your job is to pamper your guests and give them an experience that they want to return to, year after year. 

I get the point of if you can invest your cash for a greater return then its cheaper to use OPM to rehab houses and obviously if you rehab more than you have cash to support OPM is the only way to go.In my area using OPM usually ends up costing about 20% after figuring in the points, fees and interest which is pretty normal from what I can see, at least for those that dont have a good long term relationship with a lender that gives them better rates.

Just because you think of a $1000 refi and $3000 in upgrades/maintenance before you rent, I don't believe this $4000 "investment" is the number to use for your "cash on cash return" calculation.Add to that your equity in the deal. 

The returns would be better.