But at a slight loss each month (plus take into account of any unexpected repairs you might have do), I'm not sure if it's wise to hold on to the property. 

The cost of this ~two-hour mentorship was the price of a nice sushi meal (which the unexpected mentor offered to split.)

Initially, I underestimated expenses such as property management fees, maintenance costs, and unexpected repairs.

Just make sure you’ve got a backup in place for any unexpected expenses that might pop up—trust me, they can happen.

I'm always delighted to see another investor from the Atlantic - even it you are as far away as those in TO ;-)

Especially as a first-time real estate owner (even if you've done as much research as possible), you have to plan for the unexpected.

What were some of the unexpected expenses that you encountered linked to the fire damage, if there were any?  

Just remember if keeping the properties for rentals, it's a business and have large cash reserves for the unexpected (I shoot for $10k cash per property). 

I can call, text & email mine anytime & he always responds very quickly.But not just for RE...My father-in-law passed away unexpectedly & my wife called our attorney on his cell phone the following Sunday as the family met.He spent 2 hours on the phone with my wife & BIL resolving some Trust doc issues.

How much should I budget for unknown repairs and other unanticipated/unexpected costs?