Not a ton of active Canadians but there is a decent amount of Albertans on this site.

What you’ll need to do depends on the system’s condition:💨 Basic tune-up – If it’s in decent shape, a service might be all it needs.❄️ Partial replacement – Swapping out the indoor unit or condenser can extend its life.🔥 Full replacement – If the system is ancient (or missing), just bite the bullet and install a new one.Pro Tip: A new HVAC can be pricey, but it’s a huge selling point.

If you’re more aggressive, the BRRRR strategy can help you scale faster.

Currently, I own a restaurant in Florida that’s generating a decent income.

It's always worth comparing rates and terms, as some lenders might be more aggressive with loan-to-value ratios, depending on the location and property condition.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

*Aggressively paid down debt, focusing on loans with the highest interest rates and lowest balances that could be paid off the quickest, converting debt to cash flow.

Investors and repeat buyers, accustomed to the realities of the market, are often willing to bid aggressively to secure a property.

My girlfriend and I have been looking at properties over the last couple of months due to life situations changing and having a decent chunk of change saved for a down payment.

I think supplying the market with decent places to live at affordable prices is never a bad strategy.