80 - 100K CAD .... so about 50 - 70K USD (maybe cheaper as these sorts of things are more expensive in Canada.That has a hydraulic lift and included the construction of the shaftway.Of course ... you can spend much more[Note:  I originally included a rang of 60 - 80K CAD (25 - 50K USD), but going back to the quotes we had last year to bolt a 4-stop onto an existing 4-story apartment building, the range is more like 80 - 110K CAD]   The 60-80K was for a 3-stop solution at another location.]

Last year I sold a property and used the funds to purchase a set of 3 land loans in the name of the partnership, which have been paying mostly interest and a little principal on a monthly basis.

You want that money to last for the rest of their lives.

I've probably made more money in RE in the last 5 years than in 20 years previously combined, and our population was skyrocketing *before* COVID.

I started investing once I turned 18(I lost most of it (whoops)), but I started focusing on safer investments and learning about real estate over the last two years.

The last I asked her about moving in, she told me she had a moving truck scheduled for October 31. 

https://rlp.managebuilding.com/Resident/PublicPage...I have been impressed so far!  

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Such as do you own any other rentals or sold any in the last 3 years?

I lived there last year (Redding) and it's a very blue-collar type town.