While leveraging with loans can raise the potential IRR, it also creates additional risks. 

Betting for appreciation? 

Have they had trouble selling, was it inherited, does it include additional tracts of land, or solid construction traits not advertised. 6) Try to acquire with $5k or less down, and payments low enough to sustain long term in case of long vacancies.

Additionally I was considering targeting properties in $100K range, that way I could be rehabbing 1 and have enough cash to buy the next deal, the spread on $100K properties is not as big as though. 

I've been looking for houses for about 8 months. 1999 Market was on fire I put down several offers on homes people would come in with cash offers and get the property or there was a huge line of offer prior to mine.My aunt actually found the house that was for sale by owner.It wasn't in the best condition but I knew I could do the work and fix it up and turn a profit on it and it sure bet renting.

You want to feel confident that in the way the lender determines value, that the addition of the garage will increase value with their methods?

@Michael TruebaMichael: Your best bet would be to call a couple property management firms who have expertise in the asset size that you're pursuing and ask them what they're seeing across their portfolios.

Hi All,I came across a 5-plex that is zone as R5 and the seller is saying that there is a potential to add 1 additional unit making it into a 6 unit complex.

That in conjunction with planned immigration numbers into the GTA make it a pretty safe bet in my eyes.

There's a ton of articles out there about additional lease addendum's you need to have which are not covered in a standard lease.