If the investment has turned out to be a bad move sell for cash and move on. 

Investment Info:Single-family residence wholesale investment.

Multifamily properties are more lucrative than SFR investments especially when you look at long-term returns.- Always raise rents at the end of a lease.

I didn't have control over the ARV figure (the market controls that) and I found that if I tried negotiating a lower rate/points with my private lender they would find other places to invest their money.

Either way, best of luck on your new investment. 

Due to valuations in Van,BC are a bit out of whack, I am looking to start my investment journey outside of B.C., in particular Edmonton.

With my current savings, is this property a reasonable first investment?

Is a very cash intensive play but for big earners this is a good investment because with the investment into their properties they are reducing their taxes.

Would love to connect with local investor friendly agents / agents who have their own investment properties. 

Looking to get in touch with small operations in Indiana that focus on rehabbing multifamily. It’s been surprisingly hard to find anyone doing that here so figured it’d be good to look on BP!