The ban in Asheville proper started in 2016 though, and we don't seem to have more affordable housing as a result.

Maybe offer to split both labor and material costs, or at least find a way to make it feel more balanced.

If the tenants don't care for the pool properly, it could cost you thousands to fix.

Have a 27k mortgage balance, sale price est at 415k.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I have struggled with the tenancy laws in Ontario (apart from cash flow issues) and hoping to diversify into a market where the laws are more balanced. 

I know he will be able to give you the proper guidance that you need in order to make a sound decision.

Proper underwriting is important.  

What do you think the property is worth today and how much is your mortgage balance?

And, even then, hitting your rate target would still be extremely challenging unless you were paying points up front, in which case it would probably make more sense to just try to put in a bigger down payment (or pay down the balance if refi) instead and get better terms naturally offered at the lower LTV.