Over and above that you have Toronto and Vancouver which are playing their own game these days.You are far enough removed from the Big Smoke in Peterborough that prices should be moderated somewhat; the converse is that rents will also be somewhat moderated.  

But losing x% or higher DOM does affect a retail flipper cuz we're playing the short game.Now to contradict myself, exit strategy is another component of underwriting.

I am based in Las Vegas ,NV  -- was thinking about acquiring some rental properties in mid-west, possibly TX, AR, TN as well....what your take on it?

Two AF bases there, which is usually a good sign for the rental market.  

Lastly..Gang seriously.It is frustrating how much proof I constantly need to post yet so many of you are so invreddibly stubborn so see what is right infront of you, and make decisions based on emotion/opinion, instead of Proof, Data, evidence.It truly is up to you.Want to keep struggling?

They lowered the price a couple times and then I offered another 6.9% below that and we have a deal.I suspect they have a mortgage at 3.6% based on when they last got financing and I REALLY would love that rate, so much that I'm open to re-doing the deal much closer to their most recent listing price if I can get the house subject-to the existing mortgage and give them cash for the difference. 

The exact rate can vary based on the lender, the borrower's creditworthiness, and the specific property. 

LegalZoom is $299 and RocketLawyer is free (already subscribed).Based on the set-up questions LegalZoom seems more succinct/precise for a trust with a single asset.

., are reasonable based on the size (square footage) of the facility?

We thought it was an ideal house to STR - and it would have been just based on the location, and perhaps the experience of staying in an old home.