While we are very selective in our screening process, we have been able to maintain very low vacancy rates. 

To start, the numbers:3 bedroom, 1.5 bath 1700 sq foot brick SFH with bonus room.Purchase Price: $59kAppraisal: $105k as is with estimated $124k after rehab.Renovation budget: $20k.Renovations include: new flooring in bonus room, kitchen and baths. total renovation of bathrooms, new cabinets, crown molding (to cover bad drywall job by previous owner), buff hard woods, paint exterior, paint interior, remove awning, remove side door and seal up, fix low spot in kitchen floor, and remove the non-permitted fire place.Estimated Rent: Initially I budgeted $950 per month based on another rental I own in a similar location, but  two houses on the same block were recently rented for $1200+.

So in Antigonish, which does have a university and a hospital but isn't growing, the cap rates are maybe 8-10% while in Halifax, particularly the HRM, which has numerous economic drivers and IS growing, the cap rates are around 4%...i agree with you Jeremy about the low vacancy and tax rates in Antigonish. 

It’s currently a low income area and has been for years, but currently going through gentrification.

We are heading down to SXSW this afternoon and will enjoy temps in the low 80s. 

Shop around, you should be able to get a property insured for less than $800/yearYearly maintenance - this seems low.

Low-maintenance, well maintained desert landscape. 

It is a fairly low income area. while the area is rough, its actually on the much nicer side of town, not that it really helps, as I mentioned I'm viewing the property this week and plan on doing some more thorough neighborhood recon.

Sometimes no credit is better than bad credit, why the low scores? 

Joseph Szymczak II I don’t know that there’s a magic way to “buy low”.