Meanwhile you can use the remainder of your cash to finance multiple other deals.For a Hard Money loan you will only pay about $750 per month for each $100,000, so if you are not n the project for too long and the forced appreciation is decent, the extra carrying costs shouldn't be to bad compared to the overall deal.

You can find what reasonable rents are for the property and then compare it to the market's cap rate to figure out a good estimate. 

I am happy with it but any opinion I have should be discredited somewhat simply because I have never used competing software platforms (Buildium, Appfolio, TenantCloud, Yardi, etc) so I really don't have much to compare it to. 

3rd home don't have much room to cash out compare to expense which will occurred to do this refinance. 

There are some good opportunities here, imo, but I'm afraid the environment combined with the crime rate will stop people from renting or buying here.Is a whole seller someone with a different strategy compared to the fix and flip guys?

This could be a good play for someone with right/trusted local connections.I would actually be curious if you could educate me/us on the detailed situation as you are seeing it on the ground, @Sean Almeida.

The way I look at it, Canada is a tough place to invest regardless especially when compared to the US, but we can't let that stop us.

As you probably know, 5 doors and up is considered commercial, and commercial properties are valued based on their operations not based on comparables like 1-4 door residential properties. 

Base on your calculation, $6K x12 = $72K/YR, then minus 12K/Yr(Tax, Ins, Mx) = $60K/yr then divided $783K, looking at cap rate (NOI) 7.6% which is high compare to the bay area cap rate.Usually high cap rate (8-12%) = high turn over tenants (Crappy tenants) lower appreciation.Lower cap rate (3.5 - 4%) = Quality tenants and high appreciation.Been an investor in/out of CA for the past 10 years, I will always pick bay area.GOOD LUCK!

My yearly bills were $600 compared to $16,000+ if I had stayed in the dorms.