Return on Investment: 370%

Purchase Price: $1,900,000
Current Market Value: $2,800,000
Total Investment: $243,000 (reclaimed through re-fi)
Cash Flow: $5,000 per month
Mortgage Paydown: $4,500 per month

The Opportunity:  This property presented a number of positive features such as great location (near future LRT), solid building structure with desirable tenant features such as balconies, garages & storage.  As a result of poor management, rents were below market, expenses were high and there was a poor tenant profile.  All these issues presented significant upside potential.  All issues were addressed which led to significant forced appreciation in a very short period of time.  The final feature which made this an appealing investment was securing a VTB in the amount of $500,000 at 0% interest (no its not a typo :-))