Buying a MF is a competitive thing, so a good down payment and funds to make your offer more competitive (like asking for no seller contingencies or having a conventional loan) will go a long way towards getting you into a living situation where you may have some breathing room.

Just some slight background information on me, I did one year at Kent State University studying Finance and French but after the pressure of student loans breathed down my neck I couldn't justify the cost for no definite gain.

Never give up even with your last breath........

Oh, and they're breathing deeply.

It is really enlightening and a breath of fresh air in a societt that seems to demonize anyone in business.

It's hard to really say one way or the other without having some reasonable estimates based on which you can calculate your expected return.That being said, given that you're young, have a good job, don't have creditors breathing down your throat, and have ample cash in reserves in case the rehab is very costly -- and I'm assuming these things based on your profile and the fact that you were approved for a loan on a $750,000 property -- I would lean toward going for it absent clear and convincing reasons not to.  

Ever since I discovered BP I have dove head first into eating, sleeping, and breathing real estate.  

Take a deep breath and run the numbers either way to take the emotion out of your decision.

Marcus:Prices in parts of Canada have been out of control for almost a generation ... they have slowed to catch their breath a couple of times, but not for long.  

You are ahead of 95% of the country, who think a mint is for their breath (and who care more about their breath than they do their finances).