If comps are trading at 300-360 lets just say a $300 to use the more conservative number, 3,100 sq ft home and $300 per square foot is 930k, which leads a margin of profit somewhere in the upper 200k.

If your market is less, say a 1.5% rule that usually means the market thinks that area is more profitable and will pay more for the property.

There is additional upside of up to an all in 20% IRR (cash flow + appreciations) over say a five year hold period when the asset is eventually sold.  

Many times on let's say a 100k house a 10k basement remodel won't recoup that from the appraisal and sometimes not even from the buyers.

I would say as a realtor you probably know your market better than any of us.. 

Yes, we had a tenant say a vendor swiped medicine.

It's all relative, and there's no real discount unless you assume there will be a resumption in the value of Cdn dollar back towards parity.For example, let's say a Cdn property is CAN$125K to purchase, then appreciates to CAN$150K when you sell, for a gain of CAN$25K.  

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My question here is; If I were to find an excellent deal on let's say a rehab, the fix-up cost "could" be worked into the loan amount, right?

For instance say a properties premium is $3000 and the percent you are bidding starts at 30% you would comete with the other bidders by decreasing your percent.