This leaves your actual positive cash flow produced by the property itself at only about $70 per month.

Maybe you can sell and take that cash to a better producing property in a bigger market?  

Leveraged investors have trouble making payments.

We all get in trouble when we force the deal.  

@Dustin Albers - I work with a team of realtors in Chicago that are knowledgeable, top producers that I have run all of my own deals through.

I say it is not a great investment because it does not met the 2% or even the 1% rule of thumb to produce good cashflow.

It actually seems that having trouble offloading deals might actually be a bigger problem because you've got your name on a contract promising to buy a property which is a bit more stressful than not having properties to buy IMHO (I've been on both sides of this).

This guy is trouble.

Hi Kim, I have two off market property in Mayfair, 19149, section that produce immediate cash flow.

Mortgage terms in Canada vary from 6-months to 10-years with the 5-year, fixed-rate financing being the most popular (but not necessarily the best).You will come out ahead in the long run by using variable rate financing - there have been analytical studies comparing fixed-rate versus variable over the interest rate history from post WWII until present days which produced these findings.