That is precisely how I found this thread.Feel free to reach out if you ever have a question about the Edmonton market.

Joel, I had that deal evaluated by a local lender a little over 15 months ago that could lock in 3.59 for 15 years (this is precisely why I have heartburn over losing it), but I did not heavily shop it because I found a great newer multifamily below replacement cost shortly after being rejected by the bank on the retail strip.

Thanks Colleen for very precise information.

Podscast 185 to be precise...

@Rick M. that is precisely my strategy, although I will be building SFHs.

Here are the current numbers - Purchase price - $217,000Rehab - $100,000Estimated ARV - $450,000 (I'm looking for a precise number that I need to hit, this is where I need help!)

My response precisely, @Jarrod English. 

The 'simple' formula's MAO is higher than the BP calculator MAO.Since my MAO is going to indicate how much or how little wiggle room I have for seller negotiations, I want to calculate my numbers as precisely as possible.  

On such locally has been vacant ... sheez ... can't remember precisely but -- many years. 

I'll contact some property manager and/or multifamily broker to get a more precise ideas about the expenses and the cap rate.Another question, I am sure that the valuation price will come down to be way lower than the appraised price.