Buying a rental property in Winnipeg can be an opportunity to build long-term wealth, generate rental income and grow a real estate portfolio. But not every property with attractive rent is a good investment. Before making an offer, investors should look beyond the purchase price and monthly rent. You need to understand the property's income potential, operating expenses, financing, condition, zoning, tenant situation, potential repairs and long-term investment strategy. For Winnipeg investors, this is especially important when evaluating houses with secondary suites , duplexes , triplexes , fourplexes and other income-producing properties. 1. Start With the Purchase Price The purchase price is only the beginning of your investment calculation. Your total acquisition cost may also include land transfer tax, legal fees, inspection costs, appraisal fees, financing costs, immediate repairs, renovations and other closing expenses. Instead of asking only, "What is the...