On a 10% cap, that translates to $6,000 increased value.  

Translate your fears and apprehension into excitement about upcoming success!

This then translates into even more benefits of reduced risk and potential cash out to invest in even more property.My experience is that investing in evolving markets is a good way to go no matter what level of investment you plan to make, so take the time to understand the market you are investing in.

@Brian GibbonsI know you must be annoyed with me and for that I apologize, again I am just trying to figure out what I need to bring into the attorneys office so that they can tell me here are the docs, altered with the direction you want to proceed and this is airtight.I understand the deleting of "friend" but in my research i found this verbiage "Compensation is required.

The currency exchange works both ways - you'll get a boost when translating the income back to CAD.

LOLI will not buy a home that the original footprint has been altered or has asbestos siding or where there is more than one of two yard dogs nearby.I can fix a house but not a neighborhood.I love polybutylene, musty, leaking roofs, trees growing in the gutters, cracked foundations,shag carpet, stolen AC's, ripped out electrical and plumbing.

I figure the extra upfront cost is worth a nicer property in a nicer area so I can have nicer tenants, which will hopefully translate into less hassle.

That excitement translates well when he's pushing the property.

In the REI world this translates to the ability to find out how to understand something that you didn't yesterday.  

Empty units simply give me the opportunity to renovate and raise rents. 3) Appreciation always follows NOI, so if you can establish a solid record of $8,000/month NOI that translates into a stabilized value of $1,200,00 at an 8 Cap, which is going rate for stabilized class C properties.