Maybe 25 to 50 basis points or so on medium size properties in the 3 to 5 million range.

Edmonton was perfect for that because the prices are more within my comfort range whereas locally in Vancouver, you'd have to pay 3-4X that amount of money for the same thing.

I’m typically operating in a specific geographical location so taxes are always with in a range that is completely corolatted with price.

Work numbers backwards to get price range you want considering building is sound and nothing wrong with it.You have to decide on such a small property if the hassle is worth it.

@Jean JosephExperienced cooks everywhere in the world prefer gas ranges.

It you communicate your rental criteria to prospective tenants in advance before accepting an application and application fee (required in Washington State), you would not run into this problem.It's perfectly fine to reject an application or approve it with conditions based on legal rental criteria.You may want to use a standard form, such as an "Adverse Action Notice".Here's some information from the one we use:----------ADVERSE ACTION NOTICEApplicant name ____________Applicant mailing address ___________This notice is to inform you that your application to rent the property located at ______________  has been:[] Rejected[] Approved with conditions:[] Residency requires an increased monthly rent of $_____[] Residency requires increased [] fee or [] deposit of $ _____[] Residency requires last month’s rent[] Residency requires a qualified guarantor[] Other requirementAdverse action on your application was based on one or more of the following:[] Information contained in a consumer credit report *[] The consumer credit report did not contain sufficient information *[] Information received in a criminal record[] Information received in a civil record[] Information received from references[] Information received from previous rental history or reference[] Information received from employment verification[] Inaccurate, false, or misleading statements or missing critical information on the application*If you were rejected based on a consumer credit report, you can request a copy of your credit report for free from the below-checked agency.[] Experian[] Equifax[] TransunionDated this day of ________.Agent/Owner Signature _________

I’ve been getting rates in the 4.5-5.2 range 70% LTV.

It's a wide range, but the curb appeal of my 4 bed 2ba house isnt great.

I think we are going to see much more of this type of arrangement going forward as more people "retire" without sufficient planning. 

Zoning should be less of an issue, but given how rural Westminster is, I wonder whether there's sufficient demand for 100+ new homes.