For simplicity, you may assume restictions on Canadian properties are minimal Your purchase price may go over USD $500k but you must explain how you will pay for this (ie; sell more stock or borrow more money) This phase of the assignment is more qualitative, phase II will be quantitative Find an actual property for sale anywhere within their budget to investPlease submit actual listing. Why did you pick this property? (30 points) Please discuss; Specific property factors (10 points) Neighborhood/city factors (10 points) State/Province/Country factors (10 points) What are the risks associated with this property? (35 points); you may refer to "Types Of Risk" on pages 427-429 of REFI textbook (Chapter 13) as an aid. Please discuss; Micro-economic risks; property type, liquidation (5 points) Macro-economic risks; economy, inflation, legistlative, environmental, etc (15 points) Financial risk; borrowing, interest rates (5 points) Management risk (5 points) stress of property ownership/upkeep (5 points) Summary; will their US $500/monthnet