Since I'm not renting to individuals, I don't maintain appliances... it's more of a business to business lease so make the terms more favorable to you. 

The other 2 options I usually offer are standard financing at a little under asking and then seller financing either at or above asking with with really favorable terms for me.

So when I go to buy a second unit, a lender will look favorably on me. 

REIT’s have very specific requirements to get favorable tax treatment like having over 100 shareholders and no 5 owners can own 50% of the ownership in the REIT.

We know going in (for the properties we favor) that it will be "x" per sq foot for flooring, paint, etc

@Jay Hinrichs, I hear ya, pal.If I were doing this approach, and I did shotgun a deal like that, I'd probably favor those buyers that I have a relationship with. 

Do yourself a favor and take all "success stories" on here with a grain of salt.

The market in Alberta is still pretty "soft" and if you put the extra effort/money into creating a secondary suite, the returns can certainly be in your favor.

@Rene Doyle a cursory look at wiki shows stagnant population since the 80s, 70k people which is quite small for the msa, no meaningful job growth, 3 primary employers in 2 segments, and a median income in the 30k range which suggests rents no more than 750mo. not favorable my standards but that doesn't mean there aren't good deals. a remote investor will have issues typically finding a great team in small tertiary markets like this. if you have inside knowledge that it's about to pop with a big employer then perhaps.

If you are thinking about buying in Arizona, the interest rates have not been any more favorable.