Residential mortgages in Canada must be amortized at 25yrs or less and mortgage terms range from 6-mths to 10-yrs with the most frequent, but not statistically the best, choice being a 5-yr term fixed rate.  

Current occupancy = 100%.At $850,000 this property is an 7.7 CAP (averaged over past 3 yrs--using actual income and expenses... not "projected")... which is higher than any other similar multi-family / investment property I've seen listed here in SLC in quite a while.All units in excellent condition.100% of monthly utilities (electric, gas, water, trash, internet) passed through to the tenants.Strong rents.Excellent Avenues location.Highly qualified tenants with good deposits.Very little deferred maintenance.

One of the furnaces is more than 20 yrs old, and the water heaters are about 10 years old.

Better than that little tougher but possible. 650 in KC would be a 130k duplex with tenants from like 10 yrs ago...

You live in one unit for 1+ yrs and rent out the rest.Now while you are living comfortably in your own home with your family, you have one real estate investment property (your first house) under your belt, and throughout the 1-yr++ time period you continue to educate yourself on various REI methods and continue to discuss the topic and work with other investors. 

There are so many new builds it is hard to flip something that is renovated and nice but still 25 yrs old compared to brand new out of the builder's box.

I can't put a price on the value I received over my 7 yrs; zero to quiting path.  

I'm a young investor (27 yrs old - first property purchase) and my agent is about the same age. 

@Jacob Ramsey Given that you are going to be in Austin for at least the next 3 yrs, it would make good sense to buy a 3-4 plex using FHA 3.5% down (Save your VA for a more expensive area).

So it would be another story for a Walgreens 20 yrs remaining on the lease.But I think without escalation in rental,  property's price can only go downward during the initial lease term, and if the tenant goes dark after 20 yrs, maybe you can't find another tenant who can pay as much rent as Walgreens paid.Maybe multi-tenants commercial is another direction?