The nations poorest riding is in Winnipeg, once upon a time I chatted with the MP representing it.

The owner also provided daily cleaning services, access to dedicated Wi-Fi, access to beach and recreational equipment, and prepaid ride-share vouchers between the rental property and the nearest business district.

It's been a bumpy ride getting to the first deal, and the fun's not over, now that the rehab is underway.

They are really nice but if they ask you for a ride to town you will be stuck there while they run 6 more errands than the one they asked you for.

A 1031 exchange is a great option, but only under certain conditions if you end up making money.If the property is performing poorly, it makes sense to sell and put your funds elsewhere, unless you have a buy and hold strategy and you are okay with riding things out for a bit.Single family home rentals aren't what they used to be in terms of profitability.

so following @Drew Sygit's methodology of no-horse-in-this-race observations1) didn't see the 'no pants' thing coming...thats a new one for me 2) it looks like you bought at the lowest interest rate, highest part of the market cycle so you gotta own that and a chunk of this decrease is cyclical.

I often think about the kids living in the communities and how it will positively change their childhoods.In one community we put in a new road and the kids started using their scooters the same day, before we did that they were riding on dirt roads with Razor Scooters, yikes.

Best of luck in your journey - multifamily is a wild but fulfilling ride! 

Then you should have nothing to worry about.For many years now we have been telling investors to use their own expense deductions when calculating a return on investment.Our marketing team only quotes the “hard costs” as in - taxes, insurance and property management fees.We suggest discounting another 15% from the bottom line for maintenance and vacancy but I’d much prefer for everyone to OVERESTIMATE the expenses and UNDERESTIMATE the income using their own calculations.If the numbers work out then, the investment might be worth pursuing further.Classifying areas can sometimes get convoluted.Since I wasn’t born with a silver spoon in my mouth and consider myself a working class guy, my perception of B class might be someone’s of “Z class” lolMy advice to all is to visit town and see the areas for themselves.I’m confident they will be impressed.Especially if they have already toured other markets with similar price points to ours.Real estate is a rollercoaster of a ride and as much as we want to make it hands off/passive.

It's still OOS but a short plane ride away.