I like to think of Alberta as Canada's Texas, which has seen tremendous growth due to a cheaper lifestyle and more affordable housing than the west coast of the US.

One needs a serious revenue pool to cover the enhanced cost's to operate a MFH that are far more than SFR. 

Different choices and lifestyles.

Let's consider two properties under analysis:The first property has a Purchase Price (PP) of 100k and an After Repair Value (ARV) of 250k, but it requires a substantial amount of work for remodeling.On the other hand, the second property is listed at 170k PP with an ARV of 250k, but it only needs cosmetic enhancements like paint and flooring.Which one do you feel more confident about pursuing?

I have two listings in 55+ now and they wont' even allow a sign in the yard or open houses, typically very controlling HOA's.We have no shortage of 55+ communities from low end mobile home parks to high end golf resorts (think The Villages), so budget and location will play a key, but lifestyle should also be considered.

Proactive maintenance not only enhances tenant satisfaction but also reduces the likelihood of more costly repairs down the line.

However, financial freedom is not simply replacing your current income; it requires maintaining your current lifestyle for life.

A stylish and functional bathroom can significantly enhance your rental property's appeal.

However, if you are able to subdivide the property, or change its use entirely through Overlay/Floating zones, modified comprehensive plans or other zoning changes, a more lucrative utilization of the site can permit the ability for one to contribute that enhancement to the property in turn for equity.

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