Without crossing into other towns or other borders in which the market is drastically different.

You are gambling and making assumptions on things you have no control over like interest rates, employment, etc.. 

I was real close to trying one on the lake property here in central Fl .. but i let a top real estate agent talk me out if it .. if my numbers were even close ..and seeing how i could get the property with a tear down house on it for $100k w/ the house torn down .. then i was looking at putting up a 35-3700sqft container home for right around $200k and with homes in the area fetching a average $230-270 a sqft .. i figured i could have made a tidy profit for me and my partner  .. ..note ( even though the property was lake front , there was a active rr track right across the street which is one of the main reasons i passed on building anything there ).. i dont have a ton of my own money to gamble with and , i certainly dont like to gamble with other peoples money to the tune of $300-350k unless its a no brainer which means its not much of a gamble.. let us know if you do and please post costs and pictures .. i think its a great idea ....oh ya .. there are used ones and then there are one time use ones .. they cost a bit more but if you are worried about dents and what not then i would pay the xtra ..

Account ClosedAppreciation is gambling - even for the highly informed and educated.

The perimeter of the city proper is bordered by a very large number of politically separate boroughs and townships.

You would just have to weigh this against either gambling on them not exercising their right while you start your rehab now or waiting the 6 months and then beginning your rehab. 

Kroger- 21kChildren's Hospital 15.5kUniversity of Cincinnati 10.5kUC Health 11.2kMercy Health 10.4kGeneral Electric 10.5kCVG 12.5kProctor and Gamble is at 10k.

I have a few doors myself in SoCal and recently jumped across the border to develop in Tijuana, Baja, MX when cap rates squeezed to 3 in San Diego (they're finally increasing now, unfortunately due to interest rates). 

It is important to engage with a CPA and cross border tax specialist prior to purchase to maximize efficiencies with proper structure.

Florida, New York, basically Eastern sea board and border states) with your Canadian SIN or US ITIN.