Those would be state/local laws and “common practice” by local judges. 

Surprised real estate doesn't play a larger role in a wealth management and legacy planning practice. 

If the market cap rate is still 5% after 30 years that property will be worth 2.43 times more in inflated dollars.Of course the purchase power of these dollars will be 2.43 times less, thus making a real gain on this property to be nothing. (3% inflation means that $1 today has the same purchase power as $2.43 will have 30 years from now)If you want to have a real capital gain, your NOI has to outpace inflation while market cap rate has to stay the same as at the purchase time.For all practical purpose, very few people hold apartments for 30 years and NOI grows faster than inflation because of the value-add.

I am exploring potential markets to invest in as I diversify my real estate holdings and I'm curious if it makes any practical sense to look into investing in Canada (specifically Montreal) from the USA?

A trailer park would be more consistent rents, but you will attract low end tenants.

@Frank Geiger I didn’t make a offer, I just came across and wanted to practice .

Now, please note, this practice is highly illegal because circuit breakers and fuses are sized based the size of wires they protect.

I had a good laugh at a couple points in your comment.I think one of our bigger takeaway here is consistent inspections.

I usually have annual income growth, annual prop. value growth, and annual exp. growth all around 3-5% typically.The purchase price, the repair, and the ARV I am usually being consistent with as well.

So doing market research on rents independent of seller details, and then I assume, add a clause in the offer about current tenant rate that survives the transaction.Do you have any practical methodology for analyzing operating expenses if the owner doesn’t disclose?