If the numbers work in your market and there’s a lack of supply it can be a profitableoption!

Houses in my area are in huge demand and the supply of 4 bedroom homes is very small.

All the building supplies in town have had super extended lead times because of plant shutdowns/general COVID constraints.

I just think but a lot of buyers with FOMO and limited supply is creating a bubble in the wholesale market, which would ideally have less of a bubble since investors should be dispassionate.

When there is a huge demand and the city slows supply down or restricts supply then that area will have the highest appreciation rates.

I have not hired a contractor local to the area yet-they are in short supply.

You will probably find: low amount of insulation, bathroom vents terminating into the attic instead of outside, otherwise you'll see some mold (not a big deal in an attic, just get it properly ventialted and stop the supply of bathroom moisture)Electrical:Electrical wiring includes copper, aluminum and cloth sheathed.

I own a condo/apartment in a not so good area of toronto and theres about $45k left on the mortgage. i've been watching market supply & demand of condominiums and I see that the supply is growing at an alarming rate. so much so it has lead me to believe that this is the time to sell b/c if I don't I may never see return on my investment for the next couple years or so.

@John Mucilli,I still have a supply of postcards to send out, but I don't seem to get any traction from them. 

The supply is truly finite.