The market there is relatively flat due to the depressed oil industry, but I see it as an opportunity vs. dealing with emotional buyers in Toronto.In southern Ontario, those that I know who have been investing in multi family have been in the KWC area and Hamilton.

This can be very expensive so always ask the attorney to do it for a flat fee and be sure to include the cost of legal fees in the suit to evict.  

I get a bump in the rent I charge, have a small tax write off, both flats don't come close to reaching monthly data cap limits and I don't notice a significant decrease in speed from multiple users.The house is already set up for cable and dish, but neither flat has it.

What works for one person may not work with another so you need to find an agent who understands your goals.I got started a few years ago buying a live in 3 flat.  

Jason, here's what you do to maximize your California BRE [Bureau of Real Estate] license: transfer your license to a flat fee broker such as the broker I work with.  

You have low property taxes, low rents, high cap rates to compress, utility expenses were manageable,etc.These days cap rates are low for the good areas, most rent growth has already happened, counties and cities are out like crazy raising property taxes and even if you appeal and win they still go up some, and utility companies like water even with no leaks are raising the water and sewer per gallon usage rates because they kept flat in the down turn.If you add all of these things up for the yield versus more passive commercial assets I do not like multifamily at this point in the cycle as much as I did 4 to 5 years ago. 

Or is it flat out not worth the risk?

The subdivision is very nice, a recent new build that I'm basing my comps off of sold for $300k.Lot: $48k - free and clear- owner putting it up.Construction Costs- $180k for a 2200 sq ft bungalow, on slab foundation, with nice upgradesCity utilities and flat fully treed lot.Total All in including the lot $228,000Sales price - $300,000 on the low side.4-5 month build time.Does this deal make sense? 

It can go down in fast and saves material and headache and keeps the surface flat and smooth.

Anybody ever had experience trying to rent out a 2-Flat in winter (Mid October thru March) in cold weather States.