If you visit rural areas, and smaller villages, you will find a growing number of vacant houses - mostly old, arguably obsolete, structures.Based upon antidotal observations while visiting family a couple of summers ago, a similar trend of "urbanization" appears to be occurring in SK and MB as well - fewer folks live "on the farm" or in the smaller hamlets that existed every 10-miles in the days when grain was hauled by horses and oxen and steam locomotives needed to frequently take on water.However, I suspect these trends only account for fraction of the total housing starts nationally.However, like you, I have a hard time explaining the remainder of the housing starts based upon immigration alone.

Neighborhoods such as the Elmwood Village, Kenmore, or Williamsville are established and demand very high rents, and are a safe investment, but with high cost of entry.

So the road development guy and the village (who was responsible for buying/owning the right away) met me out there.  

Some of the expenses could (and probably should) change as you apply your operating style to the property, so be sure you account for this in your analysis.You can also plug the address into rentometer.com to understand how the advertised rents compare to the average rentals in the area.With these pieces of information, you can get a quick gague on how realiatic or fictional the numbers in the craigslist ad are :)Best of luck!

I am from Los Angeles and live in a pretty sweet part of town called Atwater Village.

When you lack funds of your own, attempting PML + a 1st TD from a bank is pure fiction, so don't waste good time going down that road. 

Our friend is an engineer and successfully managed their renovation here in Prairie Village 10 years ago.

South Tahoe Park, Colonial Heights, Colonial Village. 

It's a fact.And based on good fundamentals that investment (with built in equity) is very highly likely to continue to go up.It's like you negotiating an apartment today in Greenwich Village for $500k that you know out on the open market is actually worth $600k and really based on the direction of the neighborhood will almost definitely be at $700k within the next couple years.

Fact or fiction and right or wrong, it's an interesting story so I thought I would share it.Looking forward to your thoughts, comments, etc.