Did you also lower your asking rent vs the initial amount during that two month period?

The CAP rates one new construction are much lower and a lot of times builders will offer move-in specials to get higher rents than the market will support (ex. 3 months "free" rent at 1.25x market rate). 

Lower than market rents, capacity to add rooms, etc.However, we don't know how to finance them.

When you use 0% down, you have a higher principle, which means higher payments, which means lower cash flow.

Owner occupied rates and lower money down can make things possible.

So if you do a good job and LOWER expenses, they thank you by lowering your rents. 

In states that allow judgments, the bank may set their opening bid lower than the total owed and then file a judgment against the owner for the shortage. 

The older part is starting to get renovated and the rents can be a little lower than in 97301.

I expect my income to be lower in the latter years so I am ok with that. 

CMHC insures on the commercial side, a lot of times if you read their policies it sounds appealing but in practice doesn’t actually result that way.CMHC May offer 80% LTV on a residential building, but then when they qualify it, they value the building at a way lower price point than purchase and only lend 80% on that price point vs.