Re: Serious contemplation
With 8 units a good property should be able to handle one vacancy, if not the price is most likely to high. It would only be a 12.5% vacancy factor and that would be pretty conservative IMO. So if you need all 8 units rented to make the mortgage each month I personally wouldn't consider it. Unless there was some other major upside such as selling as condos for a big payday or you know the rents are far below market. More info would most likely support this, but as George said you really haven't provided enough to give an accurate opinion.
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