This is all theoretical as the lender that mentioned this didn't commit to it on paper and I have yet to attempt it. 

It means that I should not be responsible for the total cost and should only be responsible for the prorated cost depending upon the age of the countertop.

I did incorporate the water and electricity (the seller mentioned that the renters paid for their own), with the PITI eating up that much of the income (as you'd mentioned), the utilities would just push the whole thing over the edge.Thanks again for the quick reply and the second set of eyes.

Now if this was a bad tenant who had a history of antics when you mentioned you wanted to sell, that would be different.

Not to mention you can share responsibilities during due diligence/closing and asset takeover which should make the process much smoother for you. 

It might be worth mentioning, though, that there was a blip in 2017-18, with a sudden change to student visa granting rates (if I have my terms right) meaning schools across Canada received approximately 2-4 times as many students from India as they were expecting that year.

We snapped up a small Cape Cod last year for 140K, the listing did not mention that it was on four acres of farmland with pastures and a barn, we rehabbed and resold it for 395K, made 75K on the deal.

The best part of buying right and forcing appreciation via some of the ways Austin mentioned above, is that instead of selling you can always refi and pull out some of that equity to go into the next deal.

I'm trying to find the "seven years to seven figure wealth" ebook Brandon mentioned in one of his webinars.

I would rather make a little less and still acquire an asset then lose out waiting for lower interest rates.Brandon Turner briefly mentions this on podcast #294 that people can spend a lot of time worrying about interest rates and potentially miss out on stellar opportunities along the way.