I personally don't think that will last if rates drop and people jump back in, so I'd say reinvest while prices are "low" right now. 

The space is not very big and I am thinking that more people would be interested in renting it if the bed is there.

I have a meeting with a lawyer in the next few days but I thought it was prudent to also ask for help from people who have already done it.  

However, I would like to know a few things from people that are more experienced:1.

As stated, this is not my lane in the industry.That's an example of why some people get trained.

Just curious to see how people in this community started when venturing into the land and new construction aspect of investing. 

The Shenandoah Valley can be a little confusing for people who aren’t from the area.

While everything above is great people lower rent brings lower people problems.

Purchase price: $215,000 Cash invested: $55,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

I'm excited to hear that there are people who can help Canadians.