The seller thinks he's got a newbie sucker on his line and thinks he's gonna make you swallow it hook, line and sinker.

It's easier to swallow when you don't have to answer to another person/person's family regarding your role in said failure. 

Many shy away because it seems to big to swallow going from SFRs and small MF to larger deals.

If you live there it can be a little easier to swallow because on no state income taxes.

The catch 22 is if you pull money out, the payment goes up which makes the rental numbers tougher to swallow.

As a renter myself at one time, I think it would be much easier to swallow the increase of you gave them a very clear picture of what you intend to raise the rents to up front and created a plan to gradually increase over the coarse of 6 mo to a year.

Bradford has essentially now been swallowed up by Toronto/GTA - many people see its relationship to Newmarket like Newmarket's is to Aurora: a little further, a littler cheaper.Bradford will have two types of tenants - the tenants from old Bradford, who are from the area, and will be a similar demographic to that of Barrie, and the newer tenants, who have been attracted to the area by urban sprawl and the promise of cheaper real estate if they drive further.Bradford has a low vacancy rate as well, though property prices are higher so your rent to property price may not be a good.

That will get swallowed by your CapEx Reserves. 

Renters are being squeezed as investors swallow up property.. and home owners raise rents in relation to their skyrocketing property values.  2004 also had an overbuild of condos, mostly funded by investors instead of future homeowners...and many of those condos stayed vacant for years..

One is a house on Julia Dr that clearly hasn't been occupied in a while, IS overgrown and getting swallowed up by its own yard, IS NOT on the market, and IS  completely surrounded by well maintained houses and lawns.