In my free time, I am a dirt bike riding, wave catching, all around adventure chick.

Either or works Well just use this as a simple example 24 Unit apartment Complex ( B-  or C +  type  property Purchase Price - 1,920,000 ( $80k Per Unit ) may be low in this market Down payment - 25% = $480,000 Rehab - $ 6,500 per Unit ( some units  more than others ) = $ 156,000Common Rehab - Water Heater , laundry room if it has one , Paint of building , landscaping , windows , parking lot  , roof ( 10k - 70k ) This ranges a lot depending on the property Closing cost - 20-30k tax - 7,000 / year insurance - 12,000 ( wind n hail , general , fire  ) / per year Property Management ( 10 % ) = 2,160 / per month vacancy - 10 % = $ 2,160 per month Cap X ( fridge , window , curtains , doors , paint , roof , pavement ) - 1,080 / per month Landscaping - $ 800 per month simple repairs - $ 500 -900 per month common area electric - $ 300 per month Mortgage $ 7,500 ( 30 year amortization  , 4.75 % rate  ) Income - $900 per unit = $21,600 , this varies based on area . 

You'd have better luck riding a unicorn to find bigfoot listening to a live broadcast of Elvis.

Nothing you can do about it except ride it out (if it's even really true).If the Media is "Broadcasting" it, it is probably lies--like most of everything else they put out.

That's riding both sides of "residential" vs.

She is paying rent, so let it ride.

If the entire property is like this, might as well let it ride until you’re ready for major renovations.

It's right by the bruce trail, 10 minute bike ride to the GO Station and St.

I even lived in the unit for a few months while between houses.Hang on for the Long haul and it will be worth the ride.

Going from 1 to 8 units in a short time is phenomenal, I'm curious to know how long you plan to ride that out?