Bottom line, yes, the market crash back in 08/09 caused this.

Until I arrive in the area I don't feel I'll have a great grasp of the market down there and exactly where I'd look to invest. 

I must say they were very prompt to schedule and arrived on time, cleaned up after themselves and charged a decent rate compared to some. 

@Elijah Glenn, it never impresses me when I see pro forma figures that have been massaged in order to arrive at a pre-determined outcome.

The oil and gas crash, also spurred an innovation ecosystem in Calgary, and there are many entrepreneurial groups trying to diversify Calgary so we're not driven by commodity prices.

What factors/metrics do you look at to determine if a market is crashing or shifting?

Over the years i have been extremely passive with the business and never took the time to really learn how to property invest in real estate, i just assumed i was doing things correctly, i didn't know how to do the numbers, just went with the flow.Since im down to 5 rentals and i made a very small amount of money selling off the negative cash flow rentals that just never recovered from the market crash in those 2 areas, since i bought to high in the peak of the market prior to the crash. i decided to apply for a mortgage to purchase another rental in my local area using some of the new knowledge i have learned recently, but after applying for multiple mortgages most of the places i applied basically said no, that cash flow to money lent to me is in a risky zone, basically i own properties that were not bought with rental numbers in mind, so turning them into rentals they barely cashflow except for my very last property i purchased that i did basically a flip on, that left lots of room between the mortgage payment and rental rates in the area.

Start with one of these resources to see where you can set the rent then subtract vacancies and operating expenses to arrive at NOI. 

After the late crash I put down earnest money in the amount of the full offer.

It was not purchased as a rental at the time, but due to the crashing market, it was/is underwater and I had to convert it to a rental because I couldn't sell it.