If the property doesn't meet the DSCR or the value basedon the market cap rate, your down payment will increase to bring up the DSCR orclose the gap to cap-rate value.Challenges/Lessons Learned: Just becauseyou can buy a property with a CMHC insured loan doesn't mean it is a good deal.We've seen a lot of investors agree to pay too much for the properties, and getshocked with a big down payment and low cashflow due to the low DSCRrequirements.

But with that comes some challenges in getting through their record keeping to get to an actual and true P/L to start evaluating the CAP. 

@Chris SeveneyI do want to minimize liability considering I intended to have multiple properties under one LLC capped at 10 just because somewhere along the line I was told this is good practice.

NOI/Purchase price = CAP rate (what's typical in the area for similar building types/unit mixes Can the area demographics support the rental increases? 

Anything over may look good, but will likely be hiding cap ex in this market.

One source says 4%, while another states 5% plus the CPI, with a maximum cap of 10%.

My dreaded HOA has a rental cap and there is a waitlist.

There is an opportunity to acquire a medical building ( owner is MD who sold business to a Hugo MSO two years ago and still working part time ) at 8 cap NNN lease.

I've said it before on these forums, and I'll say it again this rotation of large cap to small cap stocks is usually how this starts pre-rate cut.

OP would likely be ~$1500/month negative on current property as a rental when including maintenance/cap ex, vacancy, PM, misc.