I would take less equity but would have no preferred returns to pay.Having a preferred return to pay for 7, 8, 9, years means my cashflow would be light for an extended period of time. 

The below article and link to PDF outlines the “Positioning Pullman” effort:$56 Million Pullman National Monument Overhaul Has ‘Turned The Lights Back On’ In Historic South Side NeighborhoodPositioning Pullman 2.0-opt.pdfThere are plenty of great neighborhoods like this.

installation of a light outside... need to be wired.

We also are in a weird position where we need more of a “permanent” primary residence because we have lots of heavy equipment due to the nature of my husbands business.

Also, reduced expenses by negotiating with waste removal, converting all exterior and common area light fixtures to LED and tighter property management overall. 

Eventually they realized that although highly practical, it was also highly confusing (and boring) to have both a 1st St. and a 1st Ave, a 2nd St. and a 2nd Ave, etc, that all intersect each other, so they switched all the avenues to nature-related names (mostly trees, birds and flowers but also some scientists and wealthy people's names peppered in like Carnegie, Curie and Tesla).

Now consider thissending 1000 mailers.100 people see the mailers and you get 40 people interested and 10 respond immediately.Since you didn't harass them the other 30 interested simply needed more time and eventually 15 of them will naturally get back in touch with you at a later point.

Here’s a breakdown of what I did and the costs: Labor. 29,176.53   - New Railing and Spindles– Exterior of House- Remove damaged flooring- Refinish and Stain Hardwood Flooring- Install Vinyl Plank Flooring on Floor 2- Install ceramic tile flooring in baths and Unit #1 kitchen- Paint Interior (Walls / Ceiling / Trim)- Install New Kitchen Cabinets Unit #1- Paint Kitchen Cabinets Unit #2- Subway tile kitchen backsplash and Unit #1 shower- New Plumbing throughout house toilets / sinks / garbage disposals / tubs / faucets- Install new light fixtures and recess lighting in kitchens- New doorknobs and hinges throughout- Replace electrical outlets and switches Materials - 2 Apts (Home Depot)...............$8,201.93Stainless Steel Appliances – 2 Apts (Lowes)....$3,300.00Quartz Counters – 2 Apts ............. $1,800.00Electrical repair / rewiring ............ $2,696.20Replace hot water heater................ $1,025.00Install Central Air Conditioning and upgrade heat........ $9,000.00TOTAL............... $55,199.69Gross Rents: $2,125.

I do not mind doing light value add, I just do not want to do a full-blown rehab on my first one. 

Let me know if anyone comments any valuable info.CheersNick SmithYes for sure, just waiting for some experienced investors from Canada to shed some light on this..