Taxes can be high depending on what you do with the property after it's built. 

if not... i'd say stay local to Canada 'cash flow' is very, very tough right now with interest rates and prices both high

(additional info: changing the stairs or getting new ones would be a massive undertaking)You might be able to get them to sign some sort of waiver, but then if anyone gets seriously hurt it likely won't save you.Some attorney will argue you willfully ignored a known safety issue, and as the "big bad landlord" you'll lose your shirt and then some.Plus, your post here will be Exhibit A and definitely won't win you any points with a judge!

If that is the case, then I highly recommend trying to stretch your capital across multiple deals vs putting more than the necessary amount into one deal just to cash flow more on that one deal. 

It almost seems to good to be true to be able to get the same returns as a Certificate of Deposit.https://finance.yahoo.com/personal-finance/best-high-yield-s...

@Bob Floss II has a great video about this on his youtube channel, not sure if I can link it here but if you type in "illinois wholesaling floss" it will come right up.I hope this is helpful!

Most lenders will not approve under $90K to $100K because it violates high costs rule.

There are definitely tax implications for this that's worth discussing with your professionals.

It'll give you a solid and fresh perspective on its performance.About 2 weeks ago, I just published a video on BiggerPockets YouTube about what to do with an inherited property.

Look for a wet or low spot or look for a high spot.