According to that ad, which of course may not be reliable, the house rents for 850 and is in move-in condition.850 - 365.54 - 149.42 = 335.04/month profit (minus whatever other expenses I may be missing here.)If you go back and change that mortgage to a 30yr, at 7%, your monthly payment drops to 254.48, so your profit rises to 446.10/month (again, minus whatever additional expenses I am missing).Not a ton of cash but not a ton of work either, and presumably the value of the property increases with time and you build up equity in it without ever paying the mortgage yourself.So why is this such a deal and why hasn't someone grabbed it already?

Compare that will 50X the rent, and offer something well under the lower of those two.

It will be interesting to see how Canada responds to this compared to the US, given that they US has put itself in an "awkward" position with having to continue trade with China.

They usually have lower cost real estate and the "bad" neighborhoods are usually a cake walk compared to the major city.Bad neighborhood is relative to a specific area though and a lot of stereotyping.

I collect $600 in rent.My current residence just appraised at $81,000 and current Mortgage including T& I is $575 and based on comparable rents in my neighborhood I believe I could rent it between $750-800.I have been saving for large down payment (approx 50% down) on a newer house within 1 year's time.

****************************************************Link below list features you should review when you compare other programs you are thinking of buying to build websites with or any free ones available...free some times can be costly if you do not what to look out for.

The most effective way to determine the ARV of a property is through comparable sales (comps).

(Market Value $72,000)The most (comparable)recent sales in the neighborhood were $36,000 and $71,500..

I would try and get a CMA (comparative market analysis) on this property. you need to have solid numbers before proceeding. don't go by what the owner says.....

I had to learn the ins and outs of using the AirBnb platform in the last few days.Main questions: How do I find a reliable cleaner?