One other manages one and agreed to 8% as well of just the rents and when a new tenant comes in, I pay a new lease up fee (but not for just renewals yrly).

So, as you can see, YOU have a LOT more to do with vacancy rate than what market a unit might be located in. I

Like @Tyler Tapley mentioned turnkey can be risky, it's a marketing term nowadays so I would definitely dig deeper into who it is you're investing with and what type of areas they will put you in, I would go as far to say go out and visit them before investing so you can get a better feel of who they are, where it is they invest and the types of renovations they do. 

There was a few years were prime CA and West coast paper was trading at 60 to 70% but those days are long gone.The paper business ( the sand box I play in) is huge..

What market are you interested in? I

But I can tell you that I regularly hear from the grapevine about the shenanigans some of the supposed reputable developers are engaging in. I

Best of luck in the GTA region, I see lots of people here from Calgary though so I thought I would join in! I

So, they are close to $90k in. I

.: First time poster - thanks for letting me in!  I

What type of syndication are you considering investing in? I