However, once we started the process interest rates skyrocketed so we paused, to see if they will come down a bit.

It's an inexpensive market, but don't fall for cheap opportunities that look good on paper and details left out concerning the location and the vacancy rate. 

I thought it would be valuable to kick off a discussion about the latest economic headlines and their impacts on our strategies.1️⃣ Interest Rates on the Move: With recent fluctuations in interest rates, how are you adjusting your financing strategies for acquisitions and holding properties?

Asking 1M but I'm thinking 800-900K, thanks  ok, then that would work for 30 year fixed programs in that same rate range. 

My hourly rate is very low, and I make most of my income from over time.

Why I Love Student HousingRent Premium - Students will typically pay 40-50% more in rental income than market rate housing.

Also wondering if LTV rate would change if we occupied one unit?

Property taxes are also higher in AB than BC (for properties with a similar assessed value).I bought in BC when interest rates were lower, so it was easier. 

The other reason is that you need to keep those interest rates low, very low.

It is no secret that with interest rates at 7-8% that it can be challenging to find properties that cash flow.