You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

My lawyer suggests in a situation like this that I give them a notice that I am the new owner and that as of a certain date they owe market rent of $X,XXX.

There are a number of real estate Meet ups monthly in Calgary market advertised on Eventbrite.

Good market or not so much thx 

In my area these are rare so they are difficult to set market rent, and I imagine get a lot of wear and tear with a lot of occupants living there. 

That means:🚫 No posting on social media🚫 No blasting your deal to an email list of strangers🚫 No promoting your syndication on a podcastThe SEC is clear: “No general solicitation or advertising to market the securities.”If you want to publicly advertise, you’d need to use Rule 506(c)—which requires investor verification and limits you to accredited investors only.🚨 Warning: If you advertise a 506(b) deal publicly, your entire offering could be invalidated, leading to legal consequences.2.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

At that time I will get the house cleaned up and list it on the market and when it sells I've agreed to get reimbursed my costs for reinstatement plus any other costs plus a fee for my efforts.

Fairbanks offers a unique market with its own set of considerations.

If you are in a remote area or underserved market it could be higher.