A building's rent roll only tells half the story until it is checked against The Residential Tenancies Act, 2006, since an existing tenancy carries over to a new owner and a below-market rent locked in years ago is part of what a buyer is actually acquiring.
Joel budgets the $400 to $600 home inspection and $800 to $1,500 in legal fees any Saskatchewan multi-family purchase carries, and he requests twelve months of operating costs up front rather than negotiating for them after conditions are already running.
That is the difference between a North Park multi-family sale that closes cleanly and one that stalls over paperwork nobody assembled early enough.
Get your hand-reviewed valuation from Joel Dyck.