And roughly a few weeks after moving, still unpacking we noticed some serious grading taking place on the other side of our fence.After doing some research with the help of our realtor we ended calling the department of public works to enquire about the construction and they confirmed that there was no permit for grading or construction and that there hasn’t been any in the past 15 years.

Hello Kathiuka, the deal looks good, however, I did notice that you had an estimated of 1 month for renovation at 30,000. renovation usually takes longer to finish, around 3-6 to finish a renovation.

What if your tenant gives notice they are moving out and you needed to get the unit ready for rental and be without rent money for a month?

@Ryan MoyeSorry, just wrote that last comment quickly on my phone and noticed a TON of typos lol

@Zorya BelangerNo I didn’t even notice you guys are from Canada.

The tenants  in the other unit were served an eviction notice just days before Covid hitting. 

Is it reasonable to plan  at about 10 months time if his home is not ready that we give 30 days notice with the worst case scenario that we will have to evict him (but rent will be covered for 15 months regardless if he is there) Yes, complicated.

I offered a higher price with cash back from seller and purchased early in the month to decrease my cash out of pocket up front.

Basically either party can end the contract with a 30 day notice.

Tenant stopped paying rent thereafter, sent eviction notice, started paying rent thereafter.