Unless, like Bill suggested, there is some kind of local restriction on the property usage that you have been unknowingly violating.

Hundred+ year old homes that needed a full gut, some begging for the addition of a full 2nd story and even digging down in the basement to increase ceiling height and functionality.  

I build in Independence Heights which is usually in the 500 and 100 year flood plain.

My general assessments (this year) so far are, most HOAs are not rental investor friendly or have too many restrictions, costs etc. - way too may issues renting, updates, policies, rules, repairs etc.

These institutions may have less restrictive membership requirements compared to local credit unions.

Another 3/1 in better condition, all full height rooms maybe 2500 - 3 k. 

(which you can see good from the street view pic with all the fill they had to bring in to get it to height)With that said, I would say it's a fairly average deal. 

Although a bank or insurance company would fit nicely into Berkshire’s existing platform, Canada does have restrictions on foreign ownership of those assets – so my bet would be either an energy or utility-oriented opportunity (plenty of them in Alberta) or perhaps a significant stake in Alimentation Couche-Tard, which owns the Circle K brand and has a significant global presence, potentially meshing nicely with Berkshire’s recent purchase of Pilot Flying J.This year, I had the pleasure of travelling to Omaha with some friends from New York University’s Real Estate Development program and got to catch up with old friends from all over the world.Alas, my favorite Buffett-ism from the meeting was "Understand that the market is there to serve you, not instruct you".

Here are pockets I focus on for cash flow:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), BedfordHere are the areas that I focus on for appreciation:West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490)East side - Buckeye-Shaker (the north side), Waterloo Arts District, Fairfax*I have a graded neighborhood map of these areas as well if you would like to check it out. 

However, it is important to review the loan terms and conditions to ensure there are no prepayment penalties or restrictions on accelerated payments.2.