I am not giving legal or tax advise but from what I understand LLC are not recognized in Canada and will be treated like a C Corp.  

I had a duplex in Hilltop that was doing well for me and sold it 2 years later to do my first 1031 into a Hilliard duplex because it was part of my investment strategy (invest in C class with a 2-5 year exit strategy and 1031 into a better asset class).

Quote from @Nick C.: If they’re month to month you don’t need to evict, just don’t renew their lease. 

It's also another reason I could think of a lot better places to put my managed money than in REITs, especially those that are catering to Class C or below tenants. 

Possibly, but that Fannie/Freddie deal might only return 8% C-o-C with a 17% IRR whereas the smaller deals would probably be closer to 15% C-o-C with a 23-25% IRR.

Otherwise most towns like Roxbury, Landing everytime someone moves in you will need to have the fire department inspect the property so you can get a c of o.

Quote from @Andrew C.: Quote from @David Orr: ...

I would probably get a SFH as it is hard to find a multifamily in at least a C area.

@Joy McQuearyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Use the actual NOI, not the pro-forma b/c that is how the property is ACTUALLY performing.