I'm looking along the lines of plain stained concrete, $3 psf tile/carpet etc and nice box store cabinets not a glitzy custom project.

I'm also looking for one that handles massive initial rehab and then rent increases well.

Less windows, siding, exterior paint, concrete per unit was used.  

I was going by the 87.5 percent rule The average home buyer cannot buy the 1588 sq ft condos downtown  for $675,000  I'm two miles from downtown 1/4 mile from Canada  There is still excellent opportunity as the prohibitive prices expand into adjacent neighborhoods.Dan Gilbert (Quicken Loans) owns more than 100 buildings downtown and is currently building 4 more 1 is costing him around $800,000,000.00 for the one building Hudson's Department Store Site It was supposed to be the 23rd tallest building in the US but it got shorter with his massive stroke and Covid 19There are areas that I think will come back faster than my area did ( buy for $10k put $20k into it worth $150-$200k in three years) The only point I was making was I NEVER understood why people cited Detroit as an example of good cash flow but no appreciation.The appreciation has been unbeatable.

I did however notice some sloping of concrete walkways towards the house.

Louisiana and we recently experienced massive flooring in the three parishes where I run my wholesaling business. 

I shy away from these types of home unless there is a massive amount of meat on the bones.  

When the livable rehab was done, I refinanced the loan and enclosed the concrete patio into the tiny cottage with another contractor for $12,000.  

Home is in central Florida and built on a concrete slab. 

Basically, you take on a massive amount of extra risk, courtesy of the Ontario Govt.I would consider it to be a red flag if they suggested that the checks will come straight to you.