Where I buy, which I think has some of the best price to income ratios out there I recommend a minimum of $185k cash on hand (for the DIYer) and $220k-$235k cash on hand for someone looking for a hands off approach.

- What’s the best approach for financing land purchases, especially if development will span multiple phases?

As a real estate agent working in the investment space, I’m always looking to fine-tune my approach and discover new ways to find potential deals, whether it's off-market properties, distressed assets, or any other lead sources.Some questions I’m thinking about:What CRM tools have you found the most helpful?

What’s been most effective for you, and are there any unique or creative approaches you’ve tried that have worked?

Open and clear communication is the key  they need to know that your approachable but you'll call ******** when need be  

Quote from @Chris Rich: Depends on your approach - cash flow or appreciation.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

While this approach ensures more reliable tenants, it also limits the pool of prospective renters, making it challenging for individuals with less conventional financial profiles to secure housing.Given these challenges, I have decided to exit the Ontario rental market.

One approach is to emphasize your reliability and track record, showing that a lower EMD doesn’t impact your ability to close deals successfully.

Also, try to find similar rental units in the same neighborhood to compare to so you have more of a rent range/conservative approach.