I decrease the downside by working with a PM that knows how to screen these types of tenants.  

Can anyone recommend an investor friendly real estate agent that covers the Brantford ON community? 

Around an 8.25 CAP, big value-add property which renovations/parking lot/covered parking etc...In my experience - you need to find an agent or broker to work with who is well connected in that asset class and can bring you deals.

One other thing to consider doing is detailing your minimum screening requirements for someone who inquires before you get to the point where you are showing the apartment.

The other option is to do a non agency product, such 12 months average bank deposits or asset depletion or DSC (debt service concerage) where 90% of the rent covers your total monthly payment 

You should consult with an SEC attorney and for your non-accredited investors, I would still structure it as closely as possible as you would for accredited just so that you have sound terms and all the legalities covered.

Do you understand how to screen applications?

make sure you have all liability covered under an insurance umbrella 

If that cave-man "effs" up something, and disappears into the woods, you still have the contractor's bond to cover the liability.At the end of the day, you have to assess the risks.

They can also limit what you can do inside the unit - everything from floor coverings to type of windows may have rules.When it comes time to refinance into a conventional mortgage, the condo association will likely be scrutinized too.