One could easily argue that California is actually more risky because of price fluctuations. 

I think there are better public REIT options out there that pay fairly stable dividends if you're willing to deal with price fluctuations.

Given the fluctuations and difficulties of all markets, I am able to reassess and modify certain objectives, to ensure they are achieved successfully.  

Some people would rather have 7% (tax-free) year in and year out rather than only 9.6% with wild fluctuations in any given year.

I have questions about the fluctuation of this over time and how it effects the numbers overall.)HOA & projected maintenance/ongoing repairs are another 11%-ish.Cash Flow: $363 Overall, I'm feeling really good about this purchase & it's potential.

There are plenty of tenants to choose from and I don't expect property values to fluctuate much in 2016. 

It pretty much fluctuates in correlation with conocophillips and p66.  

@Matthew Davis The long term market in the GTA will almost definitely go up, If you are buying for the long term, buy a property that cash flows well, and fluctuations in the market value won't matter as much.

If you can't keep the units rented or have a fluctuating market this could be detrimental since you have to keep making the monthly payments with or with out tenants.

Imputed interest is an IRS regulation that charges interest (at a fluctuating rate) and taxes you on it when you are not charging interest.