I’ve got a distressed and on-market house that was recently completely renovated until the couple ran out of money (all of the heavy lifting has been done, just a few things left), and it is listed well below market price compared to surrounding comps I could find.

That should be your focus.Personally if you have one mortgage already that is negative cashflow I would be hesitant to buy rright now, especially in canada where from reports their housing situation for pricing is far worse than the US on affordability and just like US, people think prices can only go in one direction but reality is they are moving in the opposite direction.

I feel that I am analyzing deals well in terms of price, downpayment, rents, cashflow, etc...

All agent needs to know is price, close date, inspection period, any other contingencies, financing with POF, EMD, there might be some other small details but these are the main ones

Thanks You can go down to $55k but the property purchase price and value must be $75k

There are no 1 bed in the 1 mile radius that I can see in the rental sites like zillow, realtor, apartments.I am not sure if I priced the condo correctly as I relied on rentometer completely.Reduced price once but no leads so far.

Purchase price: $443,000 Cash invested: $60,000 I've included the mortgage, a 5% rental vacancy rate, and a 5% capex reserve.

Take the selling price $750k, deduct selling costs ($50k?)

Purchase price: $136,000 Cash invested: $10,200 Small house with detached ADU in backyard.

We are both residential appraisers working the NE Florida markets looking to transition over the LONG term to replacing our modest annual income through small/mighty single-family by buying in the path of progress where prices appear to be somewhat undervalued relative to long-term upside potential.