[mykalberta]

As I have recently been on the fringes of a recent sale of a house in the burbs but north of Anderson road.

With a home be aware of a few things.

1 - tenants will ruin a home. When you go to try to sell it you will have better luck leaving it empty for buyers to see than with tenants. I know when I was looking for a house in April any and all houses we say that had tenants were the worst houses we saw. You walk in and you instantly want to turn around and walk out.

2 - their rental income did net them a few hundred a month but it didnt seem like it was worth the hassle that came with the ongoing maintenance.

If you are looking for a home as a revenue property, find a suited home with a separate entrance. Also I wouldnt bother doing any improvments to the home before renting it out as again, tenants will just ruin it.

Personally I would go with a relative inner city condo. It really depends where you think the market will go. Its hard to believe that prices could keep on the pace they have the past few years so if you are thinking if buying to flip in 5 years you have to hope that prices rise faster than what the relator+legal fees would be.

Since I lived in a condo for 7 years I will say watch out for condos simply because the majory are run horribly inefficiently and like with all things, the squeaky wheel gets the grease. The condo will be almost forced to pay for things that only one person brings up simply because not enough people attend the board meetings.

I sat on the board for 1 year and it was one of the most eye opening experiences I have ever had. To see the entitlement that some people have when it comes to common property is mind boggling.