The investor with 50 Units would Love for you to invest with them, but probably looking for $50k$100k, but the commission cut on the 50 units is probably $1,500-$2,000.I may be wrong but feel for every 20 clients you bring on you may be able to partner with 1. 

I watched a couple of videos on Youtube and understand the 'general' idea of how it works.However, I am struggling to apply it in the real world.So I am looking to buy my first investment property in Hamilton.Please correct me if I am wrong, here is what I understand so far1.

Buying $120,000 property and trying to save $600 is not worth it when something goes wrong

Given everything that is going on in the world today, it is pretty clear to me that we are headed for a global recession/depression due to the economic impact that will be felt worldwide from the Coronavirus.Hopefully I am wrong, but the signs are pointing this way...So to be as prepared as possible going into these time, through and coming out the other side, as this really being the first recession I have gone through that will impact me significantly (as the 2008/9 one I was young enough and going through post secondary education that the impact to me was minimal), I wanted to lean on the experience of those that have been through one of more recessions.Here are some of the questions that keep coming to mind:Previous experience:- how did you protect your downside and mitigate risk in your portfolio and personal finances when you realized where the economy was headed?

You want a house with the right things wrong!

what could go wrong?

During due diligence phase, I found out that landlord filled out HUD paperwork wrong and stated that tenant was paying sewer but he actually was (because it is required to be in owners name). 

You don't want to get to court to find out you did something wrong that delays the process, like put the wrong verbiage in the notice to vacate.

Jump in here and please tell me that I'm crazy...and prove me wrong.

If you ask someone else they would have a different opinion and no one knows what is right or wrong.