Or do I rely on my agent and his PM connections?

If you do, I recommend you hire a real estate agent to help you lease up the units.

These figures are even higher than those that were used by unscrupulous local developers, master brokers and local real estate agents a few years ago to lure unsuspected foreign buyers.

HI @David SohnSituation 1: You don't pay for your brokers fee:In this situation you are not paying for a buyers agent and they would be paid via the seller.

I’m curious if you’ve had experience with this approach, and if so, I’d appreciate any insights you might be able to share.Additionally, do you have a real estate agent you would recommend who specializes in investment properties in the area?

According to the agent involved in the deal, they think I can get these numbers...

Financing can be trickier in smaller markets, so work with an investor-friendly agent and lender who know the area.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Even still, it could be said that I've still lost money due to my time on the tools instead of prospecting as a real estate agent (the cost of lost opportunity).If you can truly do 80%-90% of the work yourself (at acceptable quality levels) and you aren't sacrificing your time where you can get better returns for your efforts, then yes, it can work even up here in Canada.

Turns out the Seller's agent and the escrow agents were really nasty to the bank throughout the whole process.