@Jared Mann I always tell my contractors that they are in a competitive bid situation.

@Travis Kemper it's good that you're thinking outside of the box in this competitive market. 

I have been in this industry for a long time and helped a lot of turnkey companies with best practices. 

I understand the appeal and your philosophical approach to the situation, but in the end you’re in the relationship industry (real estate) so I’d say also consider that perspective in addition to the numbers.

However we are in a competitive market right now and lots of people want to get into real estate.

Obviously that will be your competition as you think about renting out space.Of course @Brett Hulsebus can answer for himself, but when he says "equity injection" I think he just means downpayment.

I am new to investing (though have been in the new home industry for 29 years) and i just recently opened a self directed IRA of which I bought my first investment home.

because of the amount of  competition there are few properties that miss close scrutiny.

I found that way to be an effective way to break into the industry.

Hi Chris,I don't know the Toronto market but what I have read it is ultra competitive similar to the SF Bay Area.