One I know is based in LA as that's a huge market of course..

"Flipping" or "Rehabbing" this property would really consist of raising the rents to current market levels (about 40% increase). 

Hi Yael, I am a featured agent from Bigger Pockets in the QC market and can assist with all of your questions.

I've narrowed down the best return for my money in this market to a 2 bed/2 bath (with top tier amenities) - about 500 total 2/2 listings.I'm finding myself a bit stuck when analyzing why certain properties are making so much higher than the average listings when they seem to have very similar locations, amenities, style, flow of home, beds/# of people they sleep, reviews, number of reviews, etc.

Are they off market or on MLS? 

Give them all a call and see if they are willing to sell and if not are they in the market to buy.

If you're looking to connect I am happy to chat about this market and find a property within your goals.

I hear about all these different markets and get excited, but I knew I needed to pick one.

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

I have a registered architect and structural PE on staff.Looking in the small multifamily market currently