i was thinking it would give someone a 8% Return with 10% down if they used an SMHC mortgageARV : $490,000i can buy for 440k and sell for 450kit needs the kitchen finished $15000purchase price is 465,000 plus closing Rent Income : $3100 ( Combined Rent )Size : 2100 sq feet Two suites ( one unauth) 2 Suites each a 2bedrooms And bath Completely Updated interior and exterior Attached Garage Park on your own property NO strata Excellent Neighbourhood Less than 1% Vacancy

This can be interior or exterior. 

Especially for a broker, since you're dealing with a middle-man which naturally makes the process longer as opposed to working with a direct lender. 

This can be interior or exterior.

Upgrade all vacant unitsRenovate the exteriors and add curb appealUpgrade amenitiesRaise rents to market

You are mentioning the exterior issues. 

I would not be opposed to doing this indefinitely, but as some point, it would be nice to have a place that is independent of anyone else.

This is more of a state specific question as opposed to city as landlord/tenant laws are for the most part state widEIn the 2 states I have done evictions in, Texas and Nevada, you can easily get out a non paying tenant within 30 days.

You would keep working this formula until you have enough capital under your belt to fully fund your own deals, though loans may still be the best idea then as you would be leveraging other people's funds and not tying up all your capital, that would allow you to work on multiple deals as opposed to tying everything up on 1 property.Best of luck and let everyone know how your deal goes.  

If you purchase via an IRA (as opposed to a 401k), you will need to open an IRA account at a specialty trust company which allows for investments in real estate.