Add to that there is currently a ban on foreign buyers in Canada (only a few exceptions and as far as I know they all involve living here).Capital gains taxes apparently used to be higher (before my time). 

You can also not include those extra spaces, and then you simply have some association spaces that are excluded from calculating the percentage.In my admittedly limited involvement with the leasing exhibits etc, my experience has been that again it depends.

Reducing risk requires at least some time spent in research and involvement in a deal.There are many other things you learn along the way as well. 

Costs and Timeline: The process of splitting and developing lots can take time (1.5 years) and may involve significant costs for permits, construction, and other development fees.If you want to learn more about how SB-9 can work for situations like this, check out our website "CityStructure" for more info and helpful resources.

@Omar Fernandez - you can start by reaching out to some attorneys, NYC is an attorney city so you'll have to get an attorney involved (who usually orders the title search). 

Consider the aesthetics, privacy and reduced contact with passers by if there are animals involved.  

Involving home warranty companies can sometimes create delays in repairs/replacements. 

If there is a violation of a local noise ordinance, the cops could get involved and that would act as evidence - I would think.

In two detailed YouTube videos, Santarelli names each company and recounts fictional stories of his involvement in their successful through the online relaunching by Norada Capital Management.

I strongly recommend getting involved with your local REI meetup groups so you can work out your pitch with help from other landlords.I hope this doesn't come off the wrong way without tone or facial expressions behind it.