The costs are just too high to justify what you get.

Fees should be clearly stated in writing, easy to understand, and justifiable.

Fees should be clearly stated in writing, easy to understand, and justifiable.

One caveat to know is that Quebec (and Montreal) where the plex is has pretty strong tenants rights and rent increase limitations (so you have to explain/justify any rental increases to the housing board.Are there typical updates you'd aim to do for increasing quality of life of future tenants while increasing property value? 

If it is stated in a past mls listing the appraiser could question if the new investor has repaired this issue or use that info to justify the variance between the prior low price and current higher appraised value.

Some markets do well with furnished rentals and the premium is high enough to justify it.

Cash flow can also better help justify a higher price, so I focus my attention on cash flow.

We’ve found these to be an opportunity for the inspector to justify there position with nit-picky issues being flagged- You can offer a property to Sec8 and private payer at the same time to test the market.  

What  does the newbie bring to the partnership of enough value to justify being a partner?

Short-term rentals justify a new category because there are different laws, zoning restrictions, tax implications, eviction procedures, marketing tools, etc.