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I would buy a unit and rent out immediately, alot of financial institutions will allow you to claim up to 80% of the rent received as income thus increasing your borrowing power and relieving your back pocket. I bought a unit 2 years ago and had a tenant from day 1. I would speak to the caretaker and see what the ratio of owners to renters is (the higher the better) and also the caretaker might know of a tenant who is getting flicked as their owner is selling.(This happened to me).As Shmoo said there will always be a demand for cheap housing and from MY experiences over the last 13 years more money has been made with units than houses. Good Luck and Go 4 it.
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