You might choose not to renew leases, make improvements, and then raise rents after taking over.

Some, like ours, focus on offering optional services such as renters insurance or washer/dryer rentals without requiring tenants to opt into a full package.When choosing a property manager, I recommend asking about the structure and purpose of any fees.

@Michael DartenMichael,Let me know who choose and how it works out, I wouldn’t mind having a backup.

Hi @Akintunde AboabaIf you want to reduce your risk of difficult tenants, choose a province with fair landlord-tenant laws, like Alberta, and not BC.

I normally pick and choose the events I go to based on what will be discussed. 

and many who reposition big multi do the same.. they have to vacate the units they have substantial negative cash flow then it starts to come back but they get big upside value add 

You can 100% use an FHA-203k renovation loan on multi-unit properties up to 4 units. 

Our property was already functioning as a short term rental so it is furnished but they are getting rid of some of our furniture and putting in new furniture and they are just charging me for the removal of my items.

Since you know what you need to buy it at and an average rehab cost, I would say $50-70k for a cosmetic flip, set the ARV based on the sample you choose and doing comps and ask them if they would invest in a deal similar to this. 

Quote from @Teslim Salami: Investment Info:Small multi-family (2-4 units) other investment.