Elizabeth Colegrove @Ned Carey there is no xmas tree, and the lights are white, so I figured it should be OK...

In our larger rooming house our clientele is comprised of international students.

If purchased, I'd hold it for a 6-9 months until we're able to find another house that's larger for my family to live in, then add this property as the first to my portfolio.My question is, as a landlord/investor, what would be the general thoughts when receiving an offer to purchase a property from your tenant?

After a year or two I can use cash and leverage each asset by maybe 50% of appraised value to make a bigger purchase of perhaps a larger multi unit property etc.

I am interested in owning rentals, leverage, property management and long term I would like to do development on a larger scale as in doing my own commercial spaces or large scale residential.Ive been saving for a few years and just got back from Afghanistan so I want to purchase a duplex and over the next year add unto three.

On buildings of that size in A neighbourhoods we are expecting CAP ranges of 4-6; in B neighbourhoods were are looking for 7-9 and in C's 10-13+.I can understand a lower CAP on a larger (e.g. 50 - 100 unit) building in a C class neighbourhood, but on a 12 or 16 unit, I'm not sure the management costs/headache would be worth it for less than a 10 CAP.Obviously the local market will dictate and a local broker is your key to that informationYour thoughts?

Cap rate is used for larger units.

Sharing in profits is more accepted and accomplished in developments with general partnerships in larger transactions.

(If it's larger multi's I suspect they are always having vacancies come up so a "For Rent" sign wouldn't really tell you that much.)

There are a few therapists, Realtors, Financial Consultants, Pastor and a few Freelancers in the current set-up.My goals:-Renovate the entire space to include a larger kitchen, updated bathrooms, create an open office space for daily renters and add some dedicated desks for those needing monthly space, but not private offices; add a full service print center and an additional conference room and wire for VTC use with screens and projectors; add a Key FOB entry system for 24-7 access and camera system.