REIT’s have very specific requirements to get favorable tax treatment like having over 100 shareholders and no 5 owners can own 50% of the ownership in the REIT.

We know going in (for the properties we favor) that it will be "x" per sq foot for flooring, paint, etc

@Jay Hinrichs, I hear ya, pal.If I were doing this approach, and I did shotgun a deal like that, I'd probably favor those buyers that I have a relationship with. 

Do yourself a favor and take all "success stories" on here with a grain of salt.

The market in Alberta is still pretty "soft" and if you put the extra effort/money into creating a secondary suite, the returns can certainly be in your favor.

PETTY SURE, that’s an old fashioned 110v/20a plug.

Must be insured, reliable, ready to start immediately and finish in a timely fashion, need to take credit card or any type of electronic payments.

@Rene Doyle a cursory look at wiki shows stagnant population since the 80s, 70k people which is quite small for the msa, no meaningful job growth, 3 primary employers in 2 segments, and a median income in the 30k range which suggests rents no more than 750mo. not favorable my standards but that doesn't mean there aren't good deals. a remote investor will have issues typically finding a great team in small tertiary markets like this. if you have inside knowledge that it's about to pop with a big employer then perhaps.

If you are thinking about buying in Arizona, the interest rates have not been any more favorable.

For that amount of land 15% down is actually pretty favorable. 5% interest isn't too bad (depending on what it is zoned for).