Also, consider this copy & paste advice below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

In today's market, if a tenant doesn't have a credit score than we ask of advanced rent.

Since you recently purchased, yours was reassessed at todays values and theirs are still working off assessments from years ago (possibly) and the people you bought from likely had an old assessment as well.

Hey everyone,In today’s market, it feels like making deals pencil out is tougher than ever.

They appear to have run into liquidity and cash flow issues currently and worst of all have gone dark and not shared any of the requested financial information.

So if you do an exchange you are saving $100k in taxes today.

These areas tend to attract more reliable, long-term tenants who are usually more financially stable and take better care of the property.

I'm glad I said I had to talk it over with my financial advisors. :) 

@Brad Srutowski, he sent me an email today if you still need a contact.  

If you believe you will be financially ready to build a year from now, perhaps you enter into a lengthier contract where you can obtain all of your building approvals and then settle at a later date.