Depending on the State in which the property is located, foreclosure starts through a judicial process or a non-judicial process. 

I wonder with Canadian economy struggling if there is potential to purchase distressed properties that could be converted into long-term rentals or successful AirBnbs (especially in the cabin markets that have been hit hard).

Yes, you should be honest about how many people may reside in the property.You are buying insurance for the entire property, not just your unit.

If you're in a high-cost area, consider out-of-state markets where you could buy a rental property outright. 

I use Avail software and it will list your property on 10+ websites. 

Getting into almost any property in Charlottesville for under $200,000 is quite the feat.

Quote from @Evan Thomas Andriola: For those with properties (preferably duplexes in Cleveland) do you usually rent places with appliances (fridge, stove, etc.) already included or do you ask tenants to bring their own (mostly section 8).

Search for properties listed 90+ days.

Roughly 1,600 sq ft. 2 stories.The alternative is to repair, pressure wash & paint the property costing roughly 4k-6k due to the amount of labor.

Hey Stepan,In today’s market, finding solid flip deals requires being more strategic with property selection.