The 50% guideline would give you about $575 in monthly profit - if you have to pay most of that towards the loan it could make things a little tight.Did you screen the tenants?

Hi Elie nice to see you on BP I believe you and I have spoken over the phone about a duplex in côte des neiges.

How on one hand you say you can become a profitable REI with no money & no credit, then take a breath & say for $30-40K can get their coaching & mentoring program to be coach & mentored over the phone by people you never meet in person.

Not sure if it appears like that on the site but it will show two post on my phone.

Increasing my marketing efforts will result in the need for more everything but I will really need help screening callers.

I noticed yesterday that it has a "for rent" sign out front with hand written phone numbers.

I also get on the phone with them and ask some tough questions. 

They can answer your questions over the phone.

Just get a PO box and a cell phone and you are set up to manage real estate.

If you are not comfortable submitting your W2's, paystubs etc via email to lender that gives you best rate and APR from zillow, and having little to no correspondence after initial phone conversation, then you might consider mortgage brokers in your area.