Hello Christopher, its all about unit economics and margins.

I will be the first to share I understand the value in being able to recycle capital through refinances to grow a portfolio but this should not be done at the expense of other fundamentals that are more telling of the properties current and future economic performance.

Analyze property trends, neighborhood demographics, and economic indicators to pinpoint potential wholesaling opportunities.

Conducting comprehensive market research in target markets with strong business demand, positive economic signals, job growth, and wealth growth are possible.

But conservative underwriting in today's economic climate should not be penciling IRR's that high. 

The city has so many factors pointing to economic growth and you can still buy real estate that cash-flows. 

I believe their real estate holdings was based on economic value.

Thank you again,James  Alberta city's have seen a lot of money move their recently as a lot of people see Alberta's economic policy's as being favorable over the next few years.

Figure a few grand to paint rooms, replace carpet in a room, deep clean and spruce the property, replace a fixture or two, etc.If you have to replace your resident annually the $9600 total income will get a gut punch.The true value of the higher-end neighborhoods is residents know if they move out of the home they have it's a challenge to find another, especially if they have been there a few years and have a competitively rewarding rent rate.All this really is is basic economics...sell ten custom widgets for $1000 or 100 standard widgets for $100 each.

Research the economic conditions, local job market, and future area developments to ensure strong rental demand and potential property value appreciation.