A few things made us extremely wary.

@Alex Craig  understood its a natural progression I think for folks.. as they move up the food chain.. plus you see it on BP  there is extreme interest in Multi...

For those unfamiliar, Toronto is an extremely pricey market.

A lot of investors around here like to see 8% return, even including an assumed loan on the down payment.As far as the tenant expenses, I agree with others that the investor you've consulted either has extremely low quality housing, or is picking extremely low quality tenants.  

update on deal: the rent rolls for the property were extremely low ( 6 unit complex gross revenues of 4200) it would have been negative cashflow property and there were long term contracts ( any where from 6 to 10 years ) in place that we had to honor upon purchase.

When I use the quick estimations from books I have read, we are extremely lower, like $20,000 lower.

Hello,I currently invest in Baltimore and I'm finding that maintenance costs are extremely high.  

I would be extremely grateful if we could chat over your experience in Keller Williams, and I have a couple of questions regarding Keller Williams and Real Estate as well.

They will be on an extremely tight budget and need an advocate in this process as they must make a decision between buying and renting. 

Dayton OH for instance has a backlog of inventory and is an extreme buyers market. a $30,000 property will get $600 month rental income with taxes around $800 per year and insurance around $550.