However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.

In fact, just finished one that I have yet to put on the market. 

I think it's the best market in the whole country in my opinion.

Housing pressures will vary by market.

I have a lot of good information on the KC multifamily market that I can send you. 

Very interested in the Cleveland/Ohio market in addition to a few other cross-border cities closer to Toronto. 

Know your market cap rate and you can quickly determine whether property is worth a closer look. 

There are no laws restricting mark-to-market rents. 

in a stick frame market and one of the cheapest markets to build we build with margin at $190 or so a square foot. that will go up over time about 5% or 10% a year to keep up with new build price increases. we are buidling a 3 story walk up and source some of the lowest priced crews.

Don’t forget. 2024 rent cap was 8.9% so you may never get “market rent”.