The building for sale is exactly like mine so I’m familiar with many of the standard cost (insurance, taxes, hoa, general repair cost).The seller list in his remarks that it has a 9.2% cap a couple different times.First off, the auto generated cap rate from the MLS doesn’t even list that, it lists 7.64 based off the numbers entered into the listing.As far as the numbers entered:The income ($33,060) minus expenses ($8,965) does not even equal the posted $21,000 NOI.

My team does routine repairs up to and including full rehab. 

Just diversify your portfolio a bit.Then youd be able to live off the cashflow from your 3 other 4plexs, since you have no living expenses, yes you wouldnt be rich or anyhting but you could live a comfortable frugal life without having to work.This way you'd have money thats fairly liquid as well in your TFSA, in case you had to do any repairs or to account for miscellaneous problems that could occur, and in the very worst case you could do a HELOC  to pay for any major major disaters that could occur with all the equity youve created in your home by using the BRRRR investment strategy.These numbers are just examples, however its not unheard of to BRRRR a property and actually come out with more cash than it cost for the DP and Renos, which would help acquire even more property.And if you can get 50K into your TFSA and get a return of 8% from a dividend then thats an additional $350/month roughly, all while living for free. 

Hey guys, so I know there's not too many of us as of now but I went ahead and created the event.

One thing i wasnt sure on was on the ARV, which judging from the pictures and since they are currently rented there would be no repairs made.

Meaning if you take out a HELOC to fix up your own house, doing roof repairs, new HVAC, sidings etc.

I pieced together a deal analysis spreadsheet and did my best to estimate the repair and maintenance items that would likely come into play over time, but I'm writing to find out practically speaking how people manage those funds.

Thanks ahead of time.Kind Regards,Terry

Heloc. ..hard money...my money...to do costly repairs at rentals....or any other ideas you may have....

There could be a lot of different things that can happen that could delay it and I have found there are often delays; rarely do these types of things happen ahead of schedule versus the chance of them being behind.