Based on the numbers you provided, your cost of capital is higher than your best case cash yield (cap rate).

They compose yearly repair rates for all major appliances they service based on their own service call numbers.I am just posting this info for everyone to read about these units.

What part of Canada are you based out of? 

@Pete Harper searching "Modular Home Manufactures near Streetman TX" I got a couple of results.

If the property is below $100k value, you could refinance after 6 months based on the new appraised value.

I'm also currently looking at a 10 unit that has rents WAY under market ($500-$600/unit/month), but also worried about how the initial financing would look as they are looking to see at a 5 cap based on actuals. 

They manage everything from property search to closing and provide comprehensive updates, including video walkthroughs.

Based on my calculations and preliminary research, I have found that the Bay Area offers good returns from developing land, although acquiring level land and obtaining permits can be challenging.I have a few questions:1) Is it recommended to purchase a complete house plan from online sources like ePlans or similar websites and then customize the architectural design before submitting it to the municipality?

Check in with @Joseph Chiofalo for lender questions, he's a condo guru based in SoFLA.

I'm based in Houston, TX if that helps.