@Alvaro Rodriguez from a buy and hold perspective, at least you could anticipate very low capex.

The property is currently listed at 100k, I anticipate picking it up for about 90k.

I'm not a sophisticated investor either, but I thought I'd at least share the changes I've made that have been helpful.Like you, I keep hearing that a particular place is great and then getting excited about it until I find a particular element (schools, anticipated appreciation/depreciation, job growth, all the things you mentioned) and I chicken out and start over with a new place.  

Chess is all about anticipating the opponents next three moves.

Conveyance of my property to the entity took longer than anticipated. 

This renovation would increase the rent by 350-400 a month for that unit alone (based off of rental comps who have executed this type of renovation).Learning Opportunities/Challenges/Memorandum:This deal gave me a higher awareness of how I should be interacting with my agents, lenders, and property management and what areas I need to be more vigilant in moving forward.Lessons learned:-Have a tenant occupancy addendum drawn up for every deal.

What made your experience with PM better than anticipated?

Nice, sometimes the anticipation of ripping the bandaid off hurts more than the actual act!  

@Allen LiI would anticipate any U.S.A. lender will pull your Canadian credit history as they are readily accessible, just as U.S.A. credit history can be viewed in Canada (if they don't pull it, shame on them).

And when Dad's expectations are not met, Dad bears the anguish while Jr. continues to do his own thing.If it were me, I'd either buy the place, and let him live there rent free, maintenance free, and let him pick the co-renters who pay rent, and anticipate some months short rent too so as not to be blindsided by his friends not having it and letting it cause anguish.Or, to avoid the anguish as much as possible, rent it to others and have him stay in student housing on campus.