The property
Two units or fewer are taxed and financed as a home. Three or more change the land transfer tax, and five or more are financed commercially.
Property type
How you’ll own it
Rents
Use current rents for occupied units and realistic market rents for vacant ones.
Expenses
Ask the seller for the tax bill, insurance and utility statements. These numbers move the result more than anything else.
Financing
The long view
Nobody knows future prices. Try a cautious case and an optimistic one.
How long you’d keep it