I would count your losses and chalk it up as tuition.

At a 10 cap I am getting 576,000 with current rents.I wouldn't bank and ARV on higher rents.You can go 2 ways with this.My other clients do some improvements and rent out quick below market at say 650 in this scenario.The 800 rents you will count on many of these tenants leaving.There will be a period of high reno costs and little to no cash coming in.Higher reno costs will adversely affect your after repair equity position as will the rents.I would try and buy this even lower than 425k.Do they do short sales in Canada??

How far you go out will depend on the density of location rural, urban, suburban.You need to know traffic counts on the turn in part of your parking lot for the going home side versus the going to work side.

Obviously you wouldn't need to offer an IPO for a 6 unit, so I guess this doesn't count as syndication.

There is no mortgage or leans (unless the last $1300 of a $1800 water bill I am paying down count) and my family are happy to transfer the property to me.

I have counted myself to be blessed with a recent promotion at work as well.

All these nut positions have to end in defeat because the country could not operate if they didn't.

Pay attention here – at no time do the fingers leave the hand:It’s all about jobs that were “created or saved.â€We’ll use your example of the Census worker that was hired twice.1st time hired = 1 job created or saved2nd time hired = 1 job saved (the original position) + 1 job created (the new position) = 2 jobs created or savedIf the original position was previously held by a different worker it would also count as a saved job.So you see, the Census worker that was hired twice is most likely 4 jobs created or saved.

Everyone needs to have a back up strtegy and not count on the unknown.

You can pretty much count on expenses going up (whether rents do or not).