Assuming $150K downpayment the mortgage payment comes out to $2300 rounded. 

There are critical items such as -Plumbing, HVAC, electrical items, roof repairs, appliance repairs- that you want extremely competent professionals to handle to ensure that you the PM and owner avoid liability and to ensure you aren't shelling money out again for the same issue because you were being cheap the first time.  

The ADU is meant for a parent at the present, but it may be rented out in the future.

Both cities have their pros and cons depending what your looking for as an investor but if it's purely prices Edmonton would edge out Calgary. hope this helps Btw Edmonton is 300km north of Calgary

Also If anyone wants to reach out and talk more about real estate I am always open to learn and help any way that I can! 

My name is Filipe and I operate CT Property Management out of Windsor Locks.

Curious if anyone else received this same email from VRBO today:"Subject: Vrbo property rate discrepancy error – action requiredDear Partner,We're reaching out to let you know that we recently discovered a technical error that may have caused your rates to be displayed incorrectly to travelers who booked your property between July 29 – August 9, 2024.Please review the property rate for the following reservations IDs:XX-XXXXXX, XX-XXXXXX, XX-XXXXXXIf you believe one of these reservations was impacted, we ask that you honor it and contact Vrbo Support within 30 days of receiving this email to file a claim for the potential difference between the booked rate and your actual rate.You can reach Vrbo Support 24/7 at https://help.vrbo.com/?

What are other rooms renting out for in the area? 

We have not been successful reaching the previous owner, and even if we did - we don't believe he would be honest with us.  2 of the 3 units are occupied by a brother and sister.Ideally we would like to get them out.  

Reach out to some investor friendly realtors in your area to get started.