That's an average annual return of about 1.5%. 

I am looking to buy a small MF (2-4 units) I have an average credit score and I don't have a massive amount of Capital.

Then they will refinance an amount that would allow their annual tax return to show $0 or forecasted to show an average of $0 for several years.This might not make a lot sense to a lot of you but building equity and not paying any taxes is a common strategy with high rollers not just in Toronto but all over the world.

We manage in Louisville and our average fill time is 10 days or less (2-15 max days). 

I've compared my property to that on Rentometer, and it is below the average.

I do my own thing and have about a 53% batting average.

Wasn't a home run deal but the strategy can be rinsed and repeated and provided an above average return in just under 6 months.

Depreciation matters a lot more to me than the average investor.

They will be suspended and carry forward until you can use them.As a physician, I'm sure you report higher-than-average W-2 income, so you may not be able to offset any of your W-2 income with your rental losses.

Is it on average equal, under or above the 'real' market value?