When I do calculations, I assume 3% appreciation to be conservative. 

I would likely try to make at least 1 unit an STR to try and get a bigger return but conservatively I would be increasing my monthly living expenses pretty significantly.

Be conservative in estimating new rents, and be very negative in your cost estimates (higher repair costs, longer vacancies, etc.).

I ran a quick Realtor.com search and found this recent multifamily sale in Ontario - https://www.realtor.com/realestateandhomes-detail/319-E-Park...If most properties are trading along this price range, you may want to run projections for future appreciation using conservative number.

It might sound like it will cashflow but in reality it might nothaving a PM will be about 8-10% of the rent + landlord insurance + $60K down + 2-4% for closing costsI am on board with appreciation and buying now and waiting instead of waiting to buy but I would just be extra conservative when number crunching

This would be zero issue in Indianapolis and tons of normal conservative old school banks or credit unions would lend on this 75% of as is value and 75% of additional construction cost as long as not more than 75% after repair ARV.

Not even for 18% paid in weekly installments.Standard is on the order of 15% plus some points for up to 70% of the ARV or (purchase plus rehab) for a more conservative lender.

My budget for cabinets is 8-12k.I am hoping to remodel the guest bathroom for around $4,000.Being conservative, I expect to spend around 25k in renovations for the master bath, kitchen, and guest bathroom.

Canada banks are much more conservative than USA and less capital there.  

Build a good spreadsheet and do your best to use conservative numbers (over estimate your expenses and costs and under estimate your resale).