Thanks,  I am happy to be on here.It is a stable, sort of boring market.If you place a great ad, and screen well you can find tenants pretty quick.Since not much changes in the local economy (university / hospital / military town) the prices do not increase quick, so it is touch to get a lift in value on a building without doing big renos or holding for a long time.Michael P Currie

Now if you build from the ground up or do a value add lease up with vacancy you can get a higher cap rate.The ones that are already stable in great area the owners will  not let go at a really high cap they will just keep the cash flow then eliminate their equity gain from buying 4 years ago.

I am 27 with a stable job, but being newly out of college I don't want to take on too much risk.

Being active duty I take for granted the steady pay check the 1st and the 15th unless you have stable base it may be a difficult transition.

They have been rented from afar since 2012 and are stable newer properties. 

The units in MV are 1B/1B units and I used everything off of the shelf from various local suppliers. 

It's great to meet some good contractors, but they all have a shelf life.  

Live in a university town in northern Ontario where the purchase prices have not gone through the roof  and rent is stable  if interested let me know

I would probably use those forms unless I thought the situation was complicated by something.If your lending attorney is familiar with RE lending and works in the space he would have those documents off the shelf to be edited for your situation.On the borrowing end, I've always just pointed the seller to the state website and we used them with the blanks filled in as seemed appropriate.

Buy a house in a good, stable area.