As-is cap rate of 7.5% in my market (kc) would be pretty awesome to buy. 

Improvement changes are difficult.

For example, it's difficult to appease a situation if 1 tenant claims they're using less electric/gas than another. 

But again, as mentioned, get fam with COC, Cap, IRR, etc.You said later you had $80k to invest in a multi family.

I self perform most of my construction at this point and find it very difficult to make ground up construction pencil in Philadelphia unless I am selling for $400/ft.

Hi @Akintunde AboabaIf you want to reduce your risk of difficult tenants, choose a province with fair landlord-tenant laws, like Alberta, and not BC.

Are you reserving for cap ex, maintenance & vacancy?

I am starting to realize there has been a significant amount of consolidation in the space by private equity and other institutional investors. 3) From research it also seems like getting financing can be difficult without prior experience in the space.

I'm wondering about any potential regulations that might make this a more difficult process than I'm anticipating. 

In that case, the GP, who was a cheating SOB, issued a K-1 allocating cap gains [§1231 gains] to my Client, who was a minority LP.