I can help you with a ballpark amount, What is the Square footage on the building? 

Here in Lexington School District 1, 29072, zoned for Riverbluff HS, you are going to be getting around 70-80 a square foot.

Yet it is happening all over the metroplex. http://www.dallasnews.com/business/real-estate/2017/02/22/d-fw-home-prices-raise-red-flag-analystsPatience little cricket.

Upfront money is a red flag for a scam .

You should also be allocating based on square footage, in the event one side is bigger than the other.

To answer your question of why building more affordable housing is not more appealing, simple math - per square foot delta of building high-end vs mid-range is perhaps only 15%, but the delta in GPR is much larger.

Paul,Miss understood the Personal part, so basically in the end you are paying tax on the income you get paid from the "salary" you take out from the Canadian co. so you will be taxed at the personal level in Canada ( reduce that as much as you can), your corp. will not be taxed for the income and the houses will not make any money. i can not see why you could not do that, you will have to figure the interest rate to allow enough profit to pay bills and to be able to claim the deductions against the income. do not think you can show negative results every year, that's an IRS red flag right there.

After freshman year I lived up pawling ave for a few years and then spent my senior year in south troy right near washington square park.

I would really like to get into owning and managing rental properties but is this a red flag?  

between $5-300 a foot, a square foot, a cubic foot, it doesn't really matter.