In a small building, water and sewer are likely to be common, but if the water feed runs separately to each unit from the basement/mechanical room you have the option to sub-meter water in the future.2) Ample parking - unless you live in a large enough urban setting that a significant portion of your clientele do not have vehicles or are accustomed to not having parking. 

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.

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. 

Here is the background:Sales price $575,000, building square feet 1,719/land square feet 5,762Taxes are $3,204.07Property consist of commerical store front with attached rear residence and  detached 2 studio units. (2 buildings total)Permit history of the rear residence and detached studios are unknown and requires further research.County assessors office shows the property use type as commercial and buiding square feet at 1,113.Store front building was used as a bridal studio and owner lived in the attached residence.

LOLNed all our turn key low value cities are littered with Aussies who invested thinking a 30 or 40k house can be managed from OZ  and had no clue as to how hard it is to get consistent rent.. how vandals work.. etc etc.