-it’s my first deal, wasn’t sure how having two attached but disconnected rooms would effect the appraisal, so I left the smaller one like a room and plan on closing it after the appraisal -I know I could increase the value by adding them but I also understand the diminishing returns of adding square footage/rooms/bathrooms.

Rising prices made the rental ratios out of whack..Speculative buying has returned You still look for value add but the value will be diminished with impulse bidding You might want to expand your radius outside of GTA but even in those areas are getting heated..

It is possible to rehab to the point of diminishing returns.

I also lost credibility as an investor.Now, if you are a seasoned investor with a lot of experience in your market or buying off-market, the value of the agent will diminish and it may very well make sense to go it alone. 

There's a lot of costs involved in selling and then buying and by the time you factor those in, the potential gains are diminished.

If you don't have proof of funds, you have a diminished chance of actually closing the loan.

@Brett Milde you need to calculate diminished rental income into your biz case due to seasonality and a market limited to 4x4 customers part of the year.

Is there an age limit for a property, beyond which you can no longer take depreciation on it, or where the amount of allowed depreciation diminishes?  

I keep hearing that you make your money when you buy though...I don’t want to wait in hopes of finding foreclosures everywhere (who knows when that will be) for a bargain if my purchase power is diminished with inflation.

I listen to a handful of MFR podcasts and have read maybe 30 books on the various aspects of MFR over the past 3 or 4 months and I've gotten to the point of diminishing returns.