Just because you live in the same building doesn't mean you should be soft with your tenants.  

@Austin V Nguyen even with your optimistic soft cost you only net $1200 per year on an investment of 44k dp and $6k closing cost. 1200/50000=2.4 cash on cash return.

I found out quickly I was "too soft" and went to a pm. 

It is true, even after all this work, you only make what you keep (and the QC government is not soft on taxes).

That should give you a fair idea of how soft the market is right now.

Still, many of those are "soft" fails.  

I would go 75% if the market gets really soft and cash flow is really highReserves for GP: Was at 9-12 months, now at 12-18 monthsReturn criteria (Pref, IRR, Eq Multiple): Same minimums 7 pref, 14% IRR to investors. 1.8xGP Fees: No change hereGP Skin in the game: No debate in my mind.

As they say in the old country: "If you have a soft heart, you'd better have a hard arse."

I see the typical fee listed, must be a high interest rate.They do pull credit (soft pull) so you have to qualify for the loan.People making good money doing short term rentals should be putting back reserves to weather a couple months with reduced or no income.

So these are stupid soft measures.