Similar on the employee side...there is a very high demand for employees, and a relatively small supply of those willing to do the work. 

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.These syndication can provide an 8%+ cash-on-cash return - providing you monthly cash flow - and a 15-20% IRR over the length of the project.

The city employees are not helpful when I reach out to them to inquire about this possibility. 

For example, if you are evaluating a flip that you know you can turn around in 3-4 months or a BRRRR (value add and refinance) and you run the numbers and even with the HELOC interest you will still make a good profit, in my opinion this is the best use of that line of credit.

If I were in your shoes, I would first evaluate the area, and if it fits my criteria and I know what kind of tenant I can put in there I would continue to the next step:Finding out how much it would cost to rehab and what kind of rents I can achieve. 

Take the time to thoroughly evaluate these factors and consider seeking advice from real estate professionals and financial experts to make the best decision for your situation.

For competitive investment property, not being prepared to evaluate costs at initial showing, before making offer is really a waste of everyone’s time.

Hi, I like the Property Evaluator App for a quick check, can change variables nicely for Canadian markets.

I would evaluate the issue in the same way I would if the unit was vacant.

@Chris Mason What criteria do you use when evaluating small mom n pop parks without any financials?