. • Obviously inspect, make sure wiring, pipes and roof are up to date and won't cause probe down the road, or have remediated prior to sale• Avoid props that serve one market, such as military, university, or one local plant that could shut down• Avoid major markets, opt for submarkets with working class tenants.• Avoid rent rolls that have MTM tenant ratio higher than 10%; make sure tenants are of decent quality and turnover hasn't been crazy. • Avoid riff raff areas where I wouldn't feel safe visiting• Make sure unit mix of studios and/or 1s and 2s to keep a wider net for families and tenant types. • Make sure to a lot enough for each expense.

I would caution that that process isn't universal, some PHAs (almost entirely big cities) will have either a yearly process/offer to increase rents by a fixed amount, and/or will reserve the option to deny your rent increase.

As soon as I graduated from West Virginia University, I got my Realtors license, which I currently still have but it is in an inactive status.

There are solid universities in the area and pretty steady job growth over the last few years.

I'm a 23 year old Rutgers University soon-to-be graduate and have 2 years business experience as an entrepreneur.

I'm a 23 year old Rutgers University soon-to-be graduate and have 2 years business experience as an entrepreneur.

I'm an Army veteran and civil engineering student at the University of Connecticut interested in buying my first duplex with my fiancee in the Vernon/Manchester area.

There is no one universal cap rate.

Much of what you read in the BP forums is universally applicable, but somethings differ in Canada, particularly around financing, regulations and taxation.Depending on how far south and west you are in Ontario, you might wish to touch base with @Dave Vogt who operates in the Windsor area.  

I think that is the universal tool in real estate that transcends borders.