This will change the roi and cost benefit equation quickly.

If that's not the monthly income, you are arriving at your cap rate by using incorrect expense ratios/expense figures and/or the property benefits from an extremely favorable tax abatement which skews the operating costs.

However, if you have 2-4 unit rental properties, you may not gain much benefit from listing on these sites, as they primarily focus on commercial properties.

High occupancy rates can indicate a profitable rental market.Seasonality: Analyze seasonal trends to understand peak times and adjust your pricing strategy accordingly.3.

You’ll have to adjust my US numbers to figure out how it works in Canada.

The benefit of purchasing in high cost location is the higher building value, thus greater depreciation potential.

Here are my steps: 1) Check market rent.2) Adjust current rent based on market rent.

@John Paul, it's time to graduate from "old school" and start living in the 21st century for your own benefit.

It’s crucial to negotiate terms that benefit both parties, involve a trusted attorney and title company, and conduct thorough inspections and market research to ensure a solid deal.Good luck!

However, this provides tax benefits over time rather than an upfront deduction.This post does not create a CPA-Client relationship.