@Eric FinneganAnything g less than 12/2 would be a good deal in todays environment

.- Alberta has a VERY landlord-friendly legal environment, with no rent control and much better tenancy laws.- Calgary has the highest average income of large cities in Canada along with the highest GDP per capita, which also translate to a capacity to pay much higher rents (once the supply is constrained which we are starting to see now)- Calgary also has very good affordabilityCashflow is king in my opinion as it is what will save you in a down market, however you do need appreciation as well as it makes up a larger part of your ROI.

Assuming that we have met proper fire code and provided a safe living environment for all our tenants, which we always do with our properties, would there still be concerns around liability based on the simple fact that the property was not legally zoned for it's current use as a 3-unit property?

Document and decide later in a safer environment.

Entry price is super important in the current environment we are in now.

Multi-family 2-10 unit properties are difficult to find with the current interest rate environment.

- Environment issues (if a commercial property, is there any special clean-up required.

2) In today's environment, what kind of terms would be acceptable?

I can't claim to know every part of Delaware, but the hit every perfect piece of your criteria in the current market environment and still cashflow is going to be difficult (unless you buy your cashflow with a larger down payment)

In the current environment (things may be different in 4 years when you go to sell), the likely highest selling price will be with the removal of the JADU.