But that could be off by $20k, can you afford that?

Let me show this in another light.If the reason she has been paying $528 to you is because that's her limit, then wouldn't saying she has been paying an amount she can't afford actually be worse for her?

Centered on Interstate 14, the town is easily accessible and offers simple routes to major cities for work or entertainment.

Centered on Interstate 14, the town is easily accessible and offers simple routes to major cities for work or entertainment.

Note: This post is for entertainment and not legal, moral, or ethical advice.

I feel like Calgary MUST be a good market, and it is one of the last markets in Canada where you have a big city plus touristy areas and still affordable prices.

And your tenants can't afford their utilities......?

@Hayden Wright higher cap rate is not always better, capture initial equity through value-add, reserves should be substantial and you will likely use them, if you buy off of a long-time owner be sure to budget for insurance and property taxes to be a lot more than they’ve been paying, buy in an area where rents and property values are going up (good market fundamentals like lots of jobs in diverse fields, affordability (wages can pay the rent), population growth, good schools, low crime etc.).

We live in the NW suburbs of Chicago and it seems like the most affordable ones are in the Elgin area, Aurora or in the city.

It's entertaining for some and knowledge bombs for others.