It's a government and university town and is a fairly stable, though not cheap, market.Moncton (IMHO) has the best long-term potential of the three Cities in the province.

Go to your local REIA & in this thread focus mostly on responses to your inquiry from folks in the same town as you.

I would also explore a resident manager to take care of the property if you can't find a qualified company.These smaller properties are difficult to manage due to their size and the inability to retain full time payroll.

I have an appointment with a local bank tomorrow that will hopefully work out but am trying to explore all my options.I have someone who will personally lend me the money for the down payment.

Possibly, but it would be isolated and other will pick them up for a discount I think.You raise an interesting point about the 5 star apartment developments, mostly down town.

I invest in the Orland Park, Tinley Park areas and am exploring Country Club Hills.

Last, I haven't really explored soliciting PML outside my network yet, but this could be a solution too.Apologies on the length. 

I'm right outside town but the hospital is close, yes. 

Just exploring options here. 

I recently took an out-of-town client out to look at 8- to 20-unit properties but instead of calculating the cap rate based on the asking price, we calculated the purchase price that would give my buyer an acceptable cap based on her own projections and interests.