W'ere also not really familiar with costs - what kind of expenses do we need to consider?  

Chris,I strongly recommend you consult with an Attorney who is familiar with the local laws / cases involving this type of claim. 

Suburb conversations in metro Atlanta are like debating religion.  

We have a similar product and pricing, so I'm familiar with it.

I'm debating on asking the sailors what they pay for rent so I can have a decent idea of what I could charge, but I'm not sure if that's appropriate to ask?

I am pretty familiar with the mid west stuff and for D and C class you can have someone offer it to a Rube for 40k a door and end up buying it at 5k a door.. stick 25k a door into it and then sell it once you figure out its unmanageable for 20k a door... cycle rinse repeat

unfortuantly NONE>.. but most folks who are not really familiar with the bay area circa 1960's and 70s really don't understand what I am talking about..

I'm a millennial in the internet age, so I'm just not familiar with it.

@Rasheed Chahal, I have bought over 1000+ apartment units in the US, but not familiar with the rules in Canada.

I understand the whole "due-on-sale" clause and I'm fairly familiar with company formations and how to document a transfer of property.