Glad to be part of such an active and helpful online community.

I didn't use any partners - wanted to my first deal on my own before anyone else's money was in play, but to each their own. 

thanks man and yes that's why I would like to see outside my are because I live in a good market but I think that a lot of investor and home owner are playing too much with the prices and the other reason is to expand my range of action 

So while the "whichever lower" rule is annoying and confusing all you have to do is follow section 3 and that rule won't even come into play. 

There are a lot of great CPAs on this forum and most work virtually, but I don't know if anyone is taking on new clients.I can highly recommend @Daniel Hyman CPA, and his firm My Online Accountant, LLC

Also, by doing these recordings, you will force yourself to pay attention to every aspect and detail that might need attention, without really annoying the showing agent by slowing the viewing down too much.Lastly, go online and look for housing inspection check lists--there are dozens listed there, and then check for your local 'repair costs'. 

Where it might come into play is if there is a big jump in pay, or a long unemployment gap, then they might ask for additional clarification.

We work with a realtor on all our flips and by just using the online free websites, our numbers are always in the ballpark of what our realtor is saying the ARV of the property is.

Our latest units to bring online, this hasn't been the case. 

@Jeremy Zwicker: I like the Antigonish market as well , most are certainly cashflow plays as there is little to no appreciation there, however, if the property is well situated and you provide a nice living space, you will have very low vacancy due to the high demand for off campus student housing and rents are comparable to the HRM.