Here's a fundamental explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

If your decision making is tied to cash flow projections you are likely ignoring the fundamentals that are more telling of the properties long term success. 

For example, some of the property might even be eligible for bonus depreciation, but whether or not you use it depends on your short- and long-term strategy and individual needs.

The objective is to build a profitable portfolio and when you begin chasing doors you ignore the fundamentals your underwriting should focus on and make bad investment decisions. 

How can I determine if the property is eligible for the Section 8 program?

I thought If the 10-year holding period is satisfied, all appreciation in the QOF, including any depreciation recapture, is eligible for tax-free treatment.

I am also eligible for the Section 121 exclusion for this transaction.I received two 1099-S forms from the title company: one reporting the cash proceeds (box 2 for Gross Proceeds) and the other showing no amount in box 2 but with box 4 checked, indicating the transaction involved a 1031 exchange.

Have you researched the macro fundamentals in Canada currently?   

My issue (one of many) with my current PMC is that they have failed to get me even a single tenant in almost a year now and keep telling me that they don’t understand what the problem is, but literally 30 minutes after I started advertising my units myself, an eligible tenant responded to my own add.

Best advice I can offer is to focus on  buying well situated real estate in markets with strong fundamentals.