Tenant needs a letter confirming resicencey for the school district, because they do not accept a lease that's older than 12 months.I have to say, I love the spirit of the cinder block guy ;-) Yup turnover in those units was done with a hose :) .. still someone failed. other wise the bank would not have taken them back and wanted me to buy them. 

The little ones for the small landscaper were just over break even, because you still need a chassis, an engine, hydraulics, a seat - the cost does not change much.

I have known landlords that got completely hosed.

Expense your electric, water, sewer, internet, shovel, water hose, etc. 

3% escalator is minute so that is what tipped me off to you maybe getting hosed here. 

Multifamily syndicators many pausing distributions so investors getting hosed on those for years and now they seek safety.What's awesome about investment credit grade tenant is what you model out is typically what you get.

Hi Hose, as I posted above; All net #s.

So it did not matter they were hosed either way.

You want to check the toilets and under every sink, outdoor hose bibs, etc.

80 - 100K CAD .... so about 50 - 70K USD (maybe cheaper as these sorts of things are more expensive in Canada.That has a hydraulic lift and included the construction of the shaftway.Of course ... you can spend much more[Note:  I originally included a rang of 60 - 80K CAD (25 - 50K USD), but going back to the quotes we had last year to bolt a 4-stop onto an existing 4-story apartment building, the range is more like 80 - 110K CAD]   The 60-80K was for a 3-stop solution at another location.]