Lower income = lower rent.

The tenant pool can be lower end in Winnipeg but if you invest in the right areas it will often qualify for CMHC financing in terms of affordability. 

I would not put so much on an appraisal report.A number of reasons might be the answer for this lower appraisal report:1- What city is this property located?

Generally, there are more prospective tenants who may behave this way with lower-priced rentals.

You may FEEL that they are but your expenses may go UP at the same time as rents need to be LOWERED!

Could you not put a lower amount down? 

If you are having that much activity but cannot find the right tenant than you will want to lower the price just slightly to entice better tenants OR you can relax on your qualifications.

Local banks typically offer lower interest rates but might require a solid track record and detailed financials.

We took the reverse action and started lowering asking rents until they moved.I suspect the reason that one property of yours turned quickly is because your asking rent was very favorable vs. local competition. 

This implies residential units can be built at lower costs and provide better return. 11) adding an ADU to SFH can make the SFH fall under rent control.