It has city water and sewer and tenants pay for own electric and cut own grass.

Most new construction homes in higher priced areas in the last 3-6 months have had to take 15%+ price cuts to get their homes to move. 

Just remember a team they better be feeding you business as you will likely have a cut with the brokerage you hang your license with AND have a cut taken out as a percentage with the team.

With prices up across the board I would tread carefully on buying there. 

Since a security deposit is calculated in what is owned / returned, I would want to be very careful.

We will likely take pay cuts to move, but that's fine with us as well.  

@Eric Van VlietEric,I have completed quite a bit of Investment property rehabs and take care of projects for property managers in Kansas City.

I suggest you carefully think about flipping condos in Montreal.1.

like what is the actual process when dealing with the homeowner3) i thought of this on my way home, but would you offer to cut a small check on the side to the owner if you got the property below a certain amount so that they would have an incentive to even go this route?

I would be careful to vet the properties to ensure you can actually rent them.