Personal finance and saving should be a larger component of the REI discussion, and it seems that Tony got started with a lot of good saving and living habits.

The fact that we were experiencing consistent (-10) below temps and had about a couple of feet of snow on the roof and around the property, made it very difficult for my contractors to get started.

If all indications were that this property was a flip, then selling based on an unsolicited offer is still consistent with a resell purpose.

I consistently, on an annual basis have my investors seeing ROI's in the mid-teens.

Which happens to be province with laws that are absolutely terrible when it comes to landlording.For example:You cannot collect a security depositYou cannot ask for first and last months rent (although people do, i'm sure)Tenants can pay consistently late by up to 3 weeks and if you cannot prove to the court that their consistent lateness has not cause you financial harm, well too bad for you.You can't charge late feesEviction is almost impossible - even if they completely go against the lease i.e pets, airbnb the property when you forbid it, consistent late payments etc.The province really treats landlord like they are a charity and that people landlord out of the goodness of their hearts, when reality it is a business.So here is my question,Is it a good idea to invest in your first property out of the Country?

This may be a small or large geographic area but should be consistent across the entire area.

Be realistic about the amount of time each component requires.

I wouldn't worry about it, especially since he's been paying his rent on time consistently. 

Hello all,Over the past several weeks i have been analyzing an off market FSBO 8 unit apartment building and would love to know your thoughts on this deal.Current owner purchased in 2002 for $210,000Was listed in 2007 for $429,900 (listing expired, not sold)-The owner is currently asking $349,000- The property consists of:6 one bedroom apartments 2 two bedroom apartments Coin operated laundryStorage shedTenants are on a month to month lease and average rent is $665/month (my calculations are based at $675/mo due to coin opp income, storage shed income when rented out, and converting a tenant paying weekly to a $675/mo lease)All 8 units are heated by electric baseboard heat and separately metered.

I'm hoping the consistency pays off in the long run.