Also with the new policy changes with CMHC high ratio mortgages first time home buyers will have a much tougher time buying their first home so the rental pool will increase leaving more people looking to rent.I currently hold two rentals one in which is an owner occupied rental which I purchased for 200k 7 years ago and it is worth around 275k today and this year I purchased a triplex as well for 250k and as is with no improvements this yields me an 8% return a year which I would say is quite low.

There have been a number of syndications that have quit paying dividends as of late because they were tied into variable interest rate financing, and as the Fed raised rates there wasn’t enough money left over to pay dividends.  

so you're actually starting down quite a bit.now - i'm not saying turn key isn't a good investment. 

While I don’t have personal experience with it, I’ve learned quite a bit from clients who have gone through the process. 

This one didn't quite do that, but the 1 bedroom apartment paid half the mortgage while I lived in the 4 bedroom house for $500 a month and fixed it up.

But I get it from the company perspective I am sure they make quite a bit of money on their turn downs.. and  its a good way to filter the folks that think they can do it and have a plan with those that can actually execute.

He's been in the building I bought in for quite some time, and was able to share a lot about the stability of the HOA. 

That's my best advise on it.It is quite common to have issues with permitting or with the removal of tenants so the lender will understand if that's what's going on.

I get 1000 people a week on my webinar I too can then get a TV show.. and there you go I can quite being an investor builder.. just teach others to do it..

Remember you have to update and outfit each place with everything a guest will need, which is quite a lot.