Hope to stumble across many more nuggets of info here to help achieve my goals and make some great connections!

Its largely goals & objectives without the specific mechanisms that will be employed to achieve them. 

There are more benefits as well besides just rent collection, helps you optimize your management systems. 

@Patrick McGrath we look for 150 unit+ apartment communities that have value add potential to increase rents so we can achieve a minimum 8% cash on cash return in the first year and 13-20% IRR over the five year hold period

The majority of your wealth will be made by buying the right property, at the right location, at the right price and exiting that property under optimal conditions.

The key is building the right scope of work and try to optimize rehabbing budget as much as possible.

Yes the lender was talking about 2.5% so I may look at another lender for this deal to optimize the initial buy.In Canada these are the rates currently which are usually better then USA at this point in time.Repairs are low as we do a lot of the work ourselves and we have a group of people who are able to get repairs done cheaper then average pricesCap ex I figure since the whole thing is being gutted that I shouldnt?

@Aaron A BittoYou'll need to craft a story (based on facts and data-backed trends, not misplaced optimism) for yourself and it should hold water if you were to talk to external investors, also.

You are right though, I don't think that's the expectation level that needs to be achieved. 

I have 25k that I would like to invest into property, however I don't know the best way to achieve my goal of making a passive income.