Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

If you put pen to paper and do simple arithmetic, how long would it actually take you to equate the same cash using the rent & hold method.  

I'm not sure how Canadian appraisals work, but they could use the "income approach" as an easy method of showing how much more the place could be worth.Here is how I look at your numbers:You are spending $70,000 to renovatedAn extra $835/month (post 10% PM fee) is headed for your pocket12 x $835 = $10,020 per year10020/70000 = 14.3% cash on cash returnI would not invest in that because I like my money to be making 15% in RE investments, but if your minimum is 14.3% or lower, it looks like a good investment.

Congrats DeAdria Wright-Davis .This is actually really helpful to me as well, because I can put an exact number with the methods you're using and compare to prices in my area.

They all have fantastic schools (but high taxes), making the homes easier to sell.

That's fantastic.

But if you're struggling to get by these are faster and easier than any method of earning extra income.And look for ways to generate income.  

An under capitalized borrower, one where the simple payment of $604.40 is what is actually sold to the Vendee/Buyer (common method of sale), may not be able to come up with the required money to capitalize the repair.  

I'm still devouring the forums and the fantastic J.