If the Defendant fails to do so judgment by default will be taken against him/her for the relief demanded in the Complaint.

For example, a lot of sellers are still extremely motivated by the strong demand we've had in Montreal but if you're someone with a bit of patience and people skills, you can still close on a winning deal if you're taking the time to educate the sellers on where the market is now and how the numbers have to make some sense before placing an offer. 

If the condo is in high demand, it may drive the price up as well.

Some say that in a downturn, more people rent thus increasing demand for rentals but I worry about a longer lasting downturn and rents themselves decreasing eventually.  

As @Michael Wagner said you just spent your maintenance and capex budget.What if they move out early and demand repayment? 

Always demand to see a copy of their contract.Remember, these are middlemen trying to play RE agent without a license.

I own a duplex & two 4-plexs and like multi-family, but understand different markets have different demands.  

There are more rentals in Minneapolis than any other city in Minnesota so there is just as much opportunity as the demand is so high.

The demand is there though.  

Let's say the student population stays the same, meaning more supply and less demand.1.