hey all, i was wondering if some more veteran investors in canada (even better quebec) can give their opinions on these two quintuplexes that i'm currently looking at in sherbrooke, and my analysis of the propertiesproperty #1: quintuplex with gross rent 28,260/yr with asking price of 150khttps://www.centris.ca/en/5plex~for-sale~fleurimon...pros: cheap, high cash flow, downtowncons:old (built ~1900, in a somewhat seedy part of town)property #2: quintuplex with gross rent 27,360/yr with asking price 200khttps://www.centris.ca/en/5plex~for-sale~mont-bell...pros: relatively cheap, a bit newer (1950), good location (downtown+near stores)cons: on a busy road (kind of noisy), some grafitti on the side (indicates poorer neighbourhood)what do you think?

% rule is just an indicator.

Ideally could have some kind of clause that any damage done by a specific roommate should apply only to that roommate (for similar reasons to above).Anyone have good examples of these, or indicate the legality of such documents? 

@Cody Furman, did they indicate that they were moving?

You indicate you do not like the job you are currently in - could you / would you consider changing jobs to something else that pays similar amount or even slightly less?

My contractor indicated the following costs associated with the termites if they are still active:$1800 termite treatment $600 repair costs (drywall, studs, paint, etc)$2400 total I was able to get this property for 67.5k and would be able to generate $1200/month in rent or flip for 140k with approximately 20k in rehab costs.I have an actual termite inspector coming out this week, but my questions for you guys are:Do my contractors numbers seem somewhat accurate?

If you say that you're a cash buyer, you will need to be prepared to provide a Proof of Funds, which is a bank statement (or similar) indicating that you have the cash available and in your control.

I neither see nor smell any mold, but an AQ test is saying there is like 3500 spores cubic meter, which is supposedly an indicator of a remediation that is needed. 

We had our GC review the property and he indicated we could recapture that 300 square foot by turning a workshop into a 4th bedroom that overlooks the mountains and pool.

Numbers indicate that selling is your best option.