Is depreciation and bonus segregation handled in a similar fashion in Canada? 

. $280k x 5.22% = $14616 (the other $24 is just a rounding error from not carrying out the decimals)There is literally no other correct way to calculate cap rate.https://www.biggerpockets.com/...

Added bonuses are that you can make sure that you enjoy it, make sure that you are good at it before getting yourself into any situations, and can make a nice living off of it!

You'll also need Quarter Round to complete the look.

Just a nice bonus when caps get driven down to 6% or lower like we're starting to see.

Earnest and option money: $1950Inspection: $600Closing costs: $9550 (including down payment)4th bedroom: $1500 (wall construction, door hung, baseboard trim, paint)Flooring and painting: ~$1700Refrigerator: $1100Furniture: $600 (one roommate also brought some things for the common areas)Miscellaneous Tools and house supplies: ~$8001 Month of Vacancy: $1363Total $ invested: ~$19,200 (rounding up)By the way, I highly highly recommend creating a separate bank account for each property you own.

So I prefer to just consider any of the speculative returns as bonuses to my bottom line.

@Alex Silang Why not just pay your property manager a bonus for the work they've done, and find referrals for a quality investor friendly agent? 

We use Airbnb as the sole platform for renting it out, and it stays rented at approximately 90% occupancy year round currently (except for 2 months during COVID-19).

As a bonus my husband and I get to play on the pool tables the few times we have vacancy!