Your city properties will be mostly an appreciation play at this point in the cycle, and your west and north suburban properties normally offer a bit of a mixture.

@Adam Lowe flipping is getting harder in all markets this late in the cycle and given the ten years if price appreciation we have seen.

There will be a down cycle in the future so think about the possibilities of when others who get in over their head have to sell in the next market cycle.The thing about BP is it wasn't around in the 70's,80's, 90's so most of the people here (Not ALL so don't beat me up) haven't experienced the wild rides and don't have a true long term perspective on the market.The best place to be is in a position to take advantage of the next market cycle and pick up more then than to try to hold on to what you have now and service debt.BTW I have 9 properties and I'm looking at doing the same thing.  4 are paid off and I'm looking at selling 1 or 2 to pay off the other debt. 

Based on economics and key drivers, Edmonton’s real estate market is in the beginning to middle of a slump phase of the real estate cycle.

More money means more businesses, homes, apartment complexes, jobs, which in turn brings it full-cycle, inviting more people to the area and repeating the whole thing (Hello, increased rents!

This is simply not accurate, there is a whole rainbow of degrees, a vast array of market cycle potentials.

I looked at Quads in st. paul with low rents and long-term tenants that, given 1-2 years of house hacking and, cycling tenants, and rehab would be a pretty nice buy and hold.  

My wife and I househack in saint paul and double-dip by making some improvements to the property and we have been through a few tenant cycles and ups/downs; much more ups than downs! 

So different  investors will have different opinions and there's no such thing as a deal that's great for everyone.As a conservative investor, I require my sponsors to have full real estate cycle experience with little to no money lost.

@Jeff James I charge $75 an hour and the owner can ask anything they want but I often try to give them advice on what is important at this stage of the investment cycle.