We put in separate hydro meters, so with tenants paying their own hydro we cash flowed quite well.So, good cash flow is very possible in Ontario, though Orillia doesn't have the appreciation that Ming gets in Toronto.

Do you recommend splitting hydro meters?

Usually, the excessive moisture is caused by a leak in the plumbing system underneath the floors and it is usually a hot water pipe leaking.I am a contractor and sometimes I find that the clothes dryer vent is broken somewhere and all the steam coming from the clothes as they dry is going inside the house and collecting on the cool glass windows.You can hire a contractor to look for a leak, or you can purchase a hydrometer online.

- Duplex (up/down) that is vacant with 5 parking spots- Main floor is 2 bdrms, 3pc bathroom (previously rented for $1775 + heat/electricity)- Upper floor is a 1 bdrm, 3 pc bathroom and loft (previously rented for $1559 + heat/electricity)- Two furnaces, two hydro meters- Roof replaced (2011), siding/back stairs/some windows replaced (2012)- School district neighbourhood and within walking distance to downtown core, water, shopping- Asking price: $400k CAD - Property taxes $3299 / Annual expenses $7671 / NOI $32,337 I used the BP calculator, and it will most certainly generate money - it needs an update, but not a gut job.Comps in the area vary from low $300s-$630sI am booked to see it on Sunday, but there are already 6 showings ahead of me.

I bought a Hydro meter which mostly reads 50 to 60%.

When do you find properties in TO for less then 700K , 3 hydro meters , 3 x 3bedroom apartments, and after renos giving 10-15% cash on cash ?

Order a hydrometer for under $10 so you know what the relative humidity is.

Utility company that has disconnected the hydro meter?

I converted this bungalow into a duplex, with separate hydro meters, and was getting $1,450 for the main floor and $1,270 for the basement (originally asking $1,200, agreed to rent it for $1,270 because they had a dog).Are the basement renters less stable?

Purchase Price : $415 000Downpayment: 20% - $83 000Estimated Mortgage Payment- $1276 per a month For the renovations , I'm looking to do the following : new floors , upgrade kitchen , replace all interior doors , new furnace , create legal 2 bedroom basement unit (add extra hydrometer , add kitchen), add laundry on both floors .