Luc:While nothing like the craziness in the BC's Lower Delta or southern Ontario's horseshoe, Halifax {proper} has enjoyed a pretty healthy  run of appreciation over the past number of  years ... to the point where we no longer seriously monitor the market as it is over priced from our perspective.

Vice versa for lower returns you will be in better areas.

I like section 8 because working with lower income housing means a difficulty in getting rents.  

And if the report has issues you can see if your seller with A) Repair or B) give credits/agree on an even lower price for the property.Realtors don't typically find me deals - I find the deals, run the numbers, etc.

It is a C class building - good and nice location for what it is, but primarily caters to lower income residents.

Looks like it might take a bit over 2 years to breakeven (ballpark, maybe longer) on the loan/closing costs of a refi to benefit from the lower monthly expense.

@David Hurt I am on your team as far as putting the usual expenses on credit card but that is exactly why i fear that my available credit will always be on the lower side unless we *sigh* get more credit.

The smaller price ranges things get more cap rate compressed as buyer pool gets larger and accepted returns lower.  

The overhead in the south I think is generally lower. 

My wife and I are tossing around the idea of building a new duplex so we can substantially lower our housing costs.