I see the bull market and have invested a bit in a dozen companies but the ETF's would certainly be a safer bet.

You might call that agent's broker to ask about a better contract, I'd bet a multi is available through the Board of Realtors, if that broker doesn't usually have such business he may not stock 500 copies for the agents.I agree with Ned, begin with a basic meeting of the minds with the seller before sinking money into deeper negotiations and due diligence.$2500 may be steep for a boilerplate contract, but if he's representing you, doing the contract and taking you to closing (not closing but getting you there) that's cheap.

The return ratio we use is an IRR (internal rate of return) calculation, which assumes a leveraged purchase with a 20% down payment.

I used online amortization calculators to look at the number scenarios (terms, interest rates, balloons, etc.)

I bet Vancouver is a bit chilly right now :)

If you are patient I bet you could do much better.

For example, the housing authority does all the affordability calculations for the amount of rent the tenant can afford.

(I assume a 2nd, separate apartment is what your are suggesting when you use the term MIL suite)Can you provide a more detailed breakdown of the monthly expenses you are using to calculate for your $635?

I like the deal because I can get into an investment will little down and the numbers are working in my calculations.

.:)With respect to your answer from #1 (and I'm consulting the State MHA and legal counsel FYI), assuming I'm comfortable with the financial cost of doing this is my best bet to immediately try to finalize the purchase of any of the RTO units?