It sounds like there may be common ground there or some sort of relationship based on how you described him in your initial post, give a conversation a shot, a resolution may be easier to reach than you think.Good luck

It will vary based on your goals & your resources.

I'm based out of the SFV as well. 

Just until I get more knowledge base. 

To keep things simple, CAP rate is determined by a properties NOI which we'll say is mainly based on the rent being collected.

The local banks I've spoken to want to loan on based of skin in the game as opposed to appraisal value.

Assuming you've had the properties long enough you probably have a feel for what to adjust based on the its "personality".

I like Halifax, but I have the impression that prices are a bit high based on the cash flow potential.I’ve been reading everything I can find on BP related to investing in the Maritimes and saw some reference to how some investors “from away” have been buying properties and not doing so well, is that because of vacancies?

Estimated Pro-Forma (based on market data of similar houses in the same area)3. 70% rule Cheers, -Dylan Mathias

Absolutely nothing in real estate is written in stone and even if you are basing your figures on the house next door still buyers are individuals and your deal has to stand alone individually.