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I was wondering about this myself. I have a chance to buy a two bedroom condo in a small town for less than $60,000 Canadian.
Charge $500 a month rent and this will cover the mortgage and taxes and still leave me with a profit, but not if I can't keep it filled.
Almost anyone can buy a house with just 5% down, and there are plenty around here for way less than $100,000.
So for renters I am either going to be looking at welfare cases, single mothers on mother's allowance, or people that can't hold down a job for whatever reason. That's if I can even keep it filled at all.
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