Quote from @Laura Morlock: I have an opportunity to purchase a very beautiful and unique property - striking century manor house directly on the river, 1.5 acres, huge detached garage/workshop, in a quaint little town 15 mins to two major cities and a little under an hour west of Toronto.I know the property inside and out, it's turnkey, and I would love to own it, but I don't know what to do with it.

I’m specifically interested in properties on the north side of the city in quaint areas along the lakefront time frame is to purchase within the next 12 months.What is your budget?

Quaint tiny home vacation rental that rents for $175 per night bringing in $2000-$4000 month with fixed and variable expenses ranging from $1500-$2500 month.

I can’t carry a gun I have a criminal record a remnant of a misspent youth  I carry pepper spray I’ve used it once.

The place could also survive on LT rent or seasonal rental, which is popular in this quaint village on the water for Summer and shoulder seasons.It's one of those two-story old 1890 brick buildings.

Would you consider this remnant?

Don't even get me started on windows; old windows look quaint and can be repaired but just suck all the way around compared to new windows. 

We own a 1911 single family rental in a quaint country village 30 minutes from the city.

The only things I'd add... with electrical systems be on the lookout for knob and tube wiring live or remnants.

What you pay with labor will depend on if for instance one of my units still has a good pad and tack and strip then I just pay for carpet and installation cost.What you will pay will also depend on how much you are installing at one time.I don't like Berber for rentals.The design of the loop once it starts unraveling it can unwind pretty good an dis harder to get certain stains and pet stuff out of it.With carpet you want a Nylon carpet even if the cheaper version.Some carpet guys will try to sell you the rubber composite carpet stuff which is the really cheap stuff so it will stand up to tenant abuse.The problem is it can only be cleaned usually up to one time and then you need to replace it again.So I would rather get a cheaper nylon that can be re-cleaned many times over after installation for an additional .10 to .15 a sq ft extra than the super cheap stuff I will have to replace again.If you get 1 sq ft for carpet,pad,tack and strip,and labor install and it is Nylon you are getting one heck of a deal.Even at a carpet place usually you are at .40 to .50 for the pad and .50 to .60 for a cheap carpet.Then you have to do material to install and labor.I have seen sometimes if you have to do a small area you can pick up quality remnant pieces for real cheap and hit that type of number or buy in bulk.