Sad story of the Loss Payee micro managing the restoration, but Lost Rents coverage was sweet during the process.As I have a 6-unit complex, the mortgage would have still been paid and just zippo for profits for that year as a result, but - - what would be your status for 12 months of no rents?

The viable option that seems more promising for my investment goals after single family is to either build an apartment complex or build a strip 4-6 townhomes for the purposes of renting.

So deciding which homes are "better" is something of a complex formula.So I recommend South Side and Friendship based on modern patterns of urban renewal along with some attributes of solid building stock that would offer value to an investor.

I haven't even done one deal yet and I'm reading about how to finance/manage a 50 unit apartment complex in Canada."

I have since purchased A 12 unit building that has one boiler for the entire complex.

The lender is more than likely going to be more concerned with the owner-occupancy status than the complex is as there are rules that most lenders will not lend on condos that are not at least X% owner-occupied.

They are condos in complexes that have high numbers of non-owner occupied units but they meet the rule.

I have a little over 2 million in debt on these six apartment complexes and about 1.2 million equity on them.    

I am currently having to make some decisions on a 1970s apartment complex regarding the potential need for updates and improvements.Occupancy rates should be higher, tenant retention better, and maintenance costs lower.  

I could go on and on about the complexities, because it's a hot topic these days.