Here is a link to the original video I did:http://youtu.be/QSBJCdkAhgIThis is a REO in Southern CA in a typical neighborhood, house had several negative features (backs up to main street with traffic noise, shared lot line, small lot).

I can't tell you how many new investors I meet who are 50+ and tired of the daily grind that a 9 to 5 provides.

I was an investor a long time before I became a realtor, and I grind my teeth every time I pay my dues. 

Other lenders, such as TD are also making noises about adopting this practice.If your broker is good, she should be able to help you plan a strategy on which lenders to approach when.Buying a whole building does not relegate you to duplexes ... you can probably find a quadruplex, quintuplex, or sextuplex in Nanaimo area (maybe a little further afield, say Duncan) in the 300 - 500K range.

I don't do driving for dollars but I always thought if I did I would run addresses through records to make sure I was mailing the owner.You might get 1 out of 50 offers accepted so keep on the grind.

I think you've got a solid plan with MFH's that need a bit of work, however, if you buy in the wrong area you'll be more likely to have tenants who will not care for your unit as much as you'd like (trash it), you'll spend an inordinate amount of time managing them (babysitting, chasing them for rent, evicting, repairs, noise complaints, pests).

She also complains, bang on the wall, complain about noise, she even use a device to record noise!

No good.One of my workers rents the other side of the duplex "cousin" lives in, and they've called the police on this "cousin" and her children multiple times for noise disturbances, threats (from the mother and her boyfriend), and vandalization (the kids ripped my my workers vegetable garden and threw the veggies onto his porch!).

Background noise tells you a bit about circumstances in the household.

Now another rental condo of the same model the tenant is complaining about loud noise from a chinese family living above my condo.