An update: after conducting due diligence, serious thoughts and consideration on your expert opinions, we decided not to pursue the deals. As of this writing, a trusted source told us that the owners are still quitely looking for interested buyers. Who knows what's behind the curtain...

An update from our insurance agent: water damages caused by sump pump failure is also not covered... Can anybody recommend a good insurance company? Thanks.

An update: Our group pursued this deal and now fully rented as 100% residential at 1%+/month of the purchase price + utilities, and generating decent cash flow. We are still focusing at cost - benefit of converting the whole place into a commercial unit in the near future. Thanks everyone...

For Hamilton multiplex investors, can you please share your latest average purchase price per unit? Thank you.

Double checked Flood Insurance Coverage with our insurance agent and was told that NO INSURANCE COMPANY IN ONTARIO COVERS PROPERTY DAMAGES CAUSED BY FLOOD. Can you please share your thoughts/experiences on this? Thanks.

If I may ask in this forum, what interest rate are you getting for multifamily mortgage? Your feedback is much appreciated.

Thanks a lot for sharing Tango...it is very informative and encouraging...cheers to your success!!!

Thanks Rob. The property is in one of the best cities in Ontario and will generate descent cash flow after paying all expenses. As Thomas suggested, I arranged appointments with local (instead of national which I previously approached) credit unions who are more familiar in the area and go...

We also checked with a credit union but they also declined to commit. The property is in great location and shape with rental income of 1% of our planned Offer price. Yes, I will approach a mortgage broker in this case. Thanks Thomas for your advice.

We are considering to buy a rental property with a residential and commercial zoning. We checked with a bank lender if they will be willing to take the mortgage but they declined it because of the zoning. Is there a better way to finance this? Your expert advise is much appreciated. Thanks.

Friends from REIN told us that mortgage brokers who are REIN members are generally good but not all. So, be selective and clear with your requirements.

I'll connect with him. Much appreciated.

IMHO: Good but not so great...low cash return is not my cup of tea...it is just me...others may be okey with it...so be it...Thanks for sharing.

Scouring posts here for Phoenix, Arizona RE market and wondering who the best MF realtor in the area is...any recommendations? Thanks.