I understand showings are part of the deal when a property is being rented or sold, but this seems like a huge breach of security and tenant rights.

They didnt refi, then tried to sell because they found repairs they apparently didn’t know about.

After 6 months, I'd use my LLC to purchase the property for $150K.

Seems like this property is not really cash flowing on year 1 or 2 but there is a good potential for appreciation if I buy and hold.

Congrats on renting your first property, Stuart!

Remodeling homes into something distinctive and desirable, like entertainment-centered properties, can definitely set you apart in the rental or short-term rental market.

I have rental house with a separated detached apartment above a garage that I plan to sell.

Which if you can pay cash and assume you will get your cash back when you sell is fine but if you need a mortgage you still have certain margins you need to meet.

I suspect they won't be able to make it and being a new landlord, don't have any experience with this aspect of property management.

Hello BP Community,My name is Patrick Belanger, and my wife and I (both engineers turned entrepreneurs) havebeen investing in Edmonton and the surrounding communities since 2013, buildinga 32 unit local portfolio of single family homes, duplexes, garage suites, andsmall new-build multifamily (6 and 8 unit properties).