I even write my own very effective 3 page hand written yellow letters...and have done a few for a couple other wholesalers :) I have to say I love everything about REI and writing my own ebooks about topics pertaining to real estate...

There will be deals in Alberta, but likely not until owners are feeling the full effect of the drop in oil on the local economies.

Charging just the banks a negative rate could have the desired effect of stimulating banks to loan money if the economy is really struggling.

One of the things I do is give every potential resident a copy of the application process which outlines exactly what we use in our screening process.A few still set up appointments, but most who wouldn't qualify stop communicating as soon as they realize we actually do check these things.For those who do decide they'd like to look it over, it might actually take a little more effort to get them to sign the lease.

Sites like Zillow and RentOMeter say that my ask of $1400 for rent is near the top of the market for the area, but still reasonable for a unit of this size - and that is even without the basement.So does the basement effectively get thrown in for free?

I have been building capital to the point that I think I'm ready to start investing and could use a bit of guidance on how to either take advantage of this hot market or how to effectively invest in neighboring, more reasonable ones.

Many have told us they have NEVER been to one of these before, and us showing them our appreciation will be returned with great service and priority to our clients.Money and up charging is very small compared to your reputation to your owners, tenants, and vendors and more importantly setting the expectations with them in the beginning.Any vendor that wants to work with us has to come and interview and let us know why they think they would be a good fit as a 3rd party vendor, what they want to expect from us and what we are expecting of them.Works great, keeping our lines of communication open and upfront from the begining.

The current owner is shopping it around for 1.35m (7cap) and the proforma numbers are as followed: ANNUALIZED INCOMEActual MarketGross Potential Rent $191,639 Less: Vacancy ($5,749) Effective Gross Income $185,890 Less: Expenses ($91,497) Net Operating Income $94,393 Debt Service ($65,592) Net Cash Flow after Debt Service $28,801 Principal Reduction $17,403Total Return $46,204 ANNUALIZED EXPENSESActual MarketProperty Management Fee $9,582 Replacement Reserves $5,250 Building Insurance $6,712 Maintenance $12,560 Taxes - Real Estate $36,296 (37220 w/o exception)Utility - Electricity $2,453 Utility - Gas $12,369Utility - Water/Sewer $6,275 Total Expenses $91,497 Expenses Per RSF $8.39 Expenses Per Unit $4,357I did some additional digging and found that they offer Wi-Fi for the building (I talked to a rep and said providing service for a building that size should run 285 a month) and the trash was left off which runs about 285/month.

This business , and If the seller or a lender is having any negative impressions that will effect how the deal goes . 

So you are on short term trial basis with them all.With option #2, clearly communicate "new landlord, new rules".