Purchase price: $2,000,000 Cash invested: $200,000 Acquired 35 doors.

There was a legal notice taped to the front door and I have reached out to the attorney listed to confirm that Core Capital REO has the ability to assign listing agreements on behalf of the bank. 

You're lucky to make 100 per door in Lethbridge once you factor in maintenance, appliances and cap ex. 

If I thought for one minute it was a money maker or sustainable I would not have sold my 200 doors. 

I went with the “easy” investor friendly lender for the single-family rehab while using a bank that had rigorous underwriting policies for the ground up project next door.

She then proceeded to harass the landlord and property manager about EVERYTHING- the sewer, the gate, the garage - everything was not to her liking.

I was quoted $800 by a property manager years ago to replace a $150 garage door opener.  

A Door was replaced with a homedepot primed door.

I share this because too many investors focus on number of doors and turning over their equity but make bad purchases and/or purchase in neighborhoods with poor fundamentals.

The two units are currently accessible to each other by doors.