Start calling mortgage brokers.HMLs typically lend the entire purchase price plus rehab costs, with some pretty stiff points and interest.

Competition is stiff but another guy I know that's full time in Huntington Beach was still buying properties from MLS but he goes through 40-50 deals a day on top of other marketing funnels.

It's easier to stiff the guy you don't know.

I've bought a few on the online auctions and sheriff sales but the competition is pretty stiff and the profit margins are too close. 

Make sure you are working for someone decent that won't stiff you especially if they are managing the low grade stuff. 

There is no way this is sustainable.A good stiff adjustment - either a halt in the growth of housing prices or, as our neighbours to the south, a substantial decline in valuations (i.e. 30%) - is due to Canadian real estate.

Also how does one even enter this market as a new rental, the competition seems stiff.

In this case, buyers will be scarce as they run the risk of being compelled to restore the building to a SFR.In short, your friend will likely encounter a stiff headwind selling this property.

Looking to "stiff" them on your flips I believe says something about you......all take, no give.  

You're running into stiff competition because all the comps are much newer than your unit and that makes a big difference.