One of mine was $5200 a year for 11 years and increased my tax burden $13k. 

Yes, although the prices has increased very steadily so I think there are better opportunities elsewhere.

In my case I have decided to do minimal/moderate improvements, keep this building pretty much as it is since I am able to increase the rent quite a bit anyway, and do a repositioning with my next MF investment.

I guess the reason they've captured some interest is because of their increases haha

Or you can go out and increase your business and spend that time on something that is either financially, emotionally or spiritually more profitable with the calm and peace of knowing that your taxes were completed properly.

The downstairs is a small grocery bringing in $1000 per month with a scheduled $100 increase each year until it reaches $1300.

@Anastasia Kristina I found a few markets in Ontario and Quebec that have great cash flow, good and constant increases in property value while being stable markets (low vacancy, high rent to purchase ratios, above average population growth).I like Outaouais, Laurentides, Lanaudieres, Estrie and certain pockets of Montreal in Quebec.

Causing my operating expenses to increase, stripping my already tight $100/month cash flow. 

If current Hoa fee plus double the increase monthly Hoa fee is a number you can live with, go for it.

Provide the lawn mower and snow blower, increase rent or add fee.2.