The best route I've found is closing cash on enough properties that I can group 4+ units, then getting a blanket/portfolio loan across each asset; you get the best terms.Closing with U.S. financing as a Canadian can be quite the financial gymnastics since you will be required to have your signatures notarized by U.S. notaries; thus, you either have to travel down to The U.S. each time to sign or spend $1,500+ to have the U.S. consulate in Canada authentic the signatures (which cost me a small fortune during COVID), OR, if you have the option of designating a power attorney who is a U.S. resident to sign on your behalf.

Is this kind of just a fly by night gamble type of deal?

I must admit, I would probably trust the big firm to be able to screen people with certain criteria and evict people (if needed) like clockwork, where I think the little guy would be more of a gamble.

I want to make an investment not a gamble.

Seems like a bit of a gamble to me.

So we took a gamble, made the offer, the seller accepted since no one else had offered since they couldn't view the property.

Hehehehe no I think this one trip will not involve gambling/clubs.

I look at the 2nd wave as more opportunities for people like me before things start to settle in 2+ yrs and Vegas economy bounces back :cool: In the old days, when the economy tanked, people used to drown their sorrow in alcohol and gambling.

He's getting cheap prices and renting the properties out and gambling that most years there won't be a flood, and when there is a flood it will be minor and its a cost of doing business.9. 

We usually sell our foreclosure properties for a profit but thinking you could turn $500 into $80,000 on one deal is not investing it's gambling.