That way you get a speculation/development piece, a cashflow piece of real estate, and don't pay any tax.

Options The crazy thing is that using the strategies and techniques I have just discussed does not have to increase risk, unlike property development, rehab, land speculation, 80% leverage, or converting residential to commercial.  

If you had a negative experience directly that would be one thing, but anything else is purely speculation from the outside looking in. 

Initially, some properties hit the market with inflated prices, driven by optimistic expectations or speculative market conditions.

I don't want to distract you with my speculation of what's going on.

I am speculating as to why, but it could be a lot of different factors. 

I have been working with CMHA for 10 years, 100s of move in and outs ,I deal with them weekly, so I am not speculating, 

You can probably get a construction loan to build on it, but just to buy without an immediate building plan on just to speculate that land prices will go up, unlikely, as there's no income stream. 

My speculative guess is that you see a further decline of 15% to 20% off the peak (August 2023 – here) and interest rate declining to 4.5% in the next 18 months to bring the market to a more affordable level.

I had read 50% is a fair number to use for calculations which would raise the NOI by, drumroll...15%, but this is purely speculative) and perhaps the funds or energy to go through an upgrade if they're looking to get out of it anyway.