Researched several markets and ultimately decided on the Indianapolis market after taking into consideration the population growth, income growth, crime rate trends and entry price for the properties I am looking for.

Including, when she does get back to work, whether or not she will be able to afford our rent (it's CAD$1450 and already below market).Ultimately, we agree that we're likely going to have to find a new tenant, but we don't want to kick her and the boys onto the street.

I'd say 5% would be very attractive, and 8% would feel a little high, so that's a realistic range, though it's tied somewhat to your financial strength as a borrower (this range will also fluctuate with market conditions, so if you're reading this post in the future: 1) Congratulations for surviving 2020!

Originally posted by @Sonam Gill:Talking to a commercial broker (who knows the area and knows multi-family in the area) might help you sort out possible options of what to do.Also talking to a knowledgeable multi-family property manager who works in the area with rentals of this size, might be wise.People who know this area and property type.But ultimately its up to you to come with a vision for the property and write the checks for the work.Good Luck!

Your broker is ultimately responsible for your actions. 

Hopefully we earned your highest rating which ultimately means you come back and stay with us again!

Don't think I would do it while it's actively being rented due to the unforeseen complications with your lease agreement, although once you do make your improvements focus on quality, which will allow you to ask a higher rental rate and will as a by product help with your screening process and hopefully attract a better tenant which should ultimately increase your ROI.

Originally posted by @Lilian Ruwende:@James Wise what do you think of the Cleveland clinic main campus area, specifically cedar and E 85th st to E 105th St Refer to the Ultimate Guide to Grading Cleveland Neighborhoods.

I hope everyone is having a good time and is surviving this pandemic!

Then work with an attorney to help the two of you talk through and agree upon a business arrangement and splits, ultimately memorialized in an operating agreement.