I do expect there will be at least a flattening for a while as the economy shakes itself out, but the people in my area hoping for killer deals to come out of this are probably going to be disappointed 

Don't have a ton of money but have plenty of time, so one effective strategy that I've heard is to drive for dollars and find some killer deals to then pass along to seasoned investors in my area in hopes that they lead to something whether it be a partnership or a commission.

I think it all depends on how patient you want to be looking for a killer deal and presenting tons of offers, or else take the standard deal somewhere between list & 20% under list.

I'm my head it seems like a killer strategy.

Which is killer if you're getting into something that is sub $200k which is not hard to do in this area. 

(i.e: 850K for a 1 bed condo in Vancouver) We currently have two properties that are cash flowing into the 3 digits at 0.7% - 0.8% respectively.In our market if you get 0.8% you're making a killer profit !

Meth isn't necessarily a deal killer.

Either way, it doesn't have to be a deal killer.

So what I am going to do if it is possible is speak to her about letting an investor come in and take it over to avoid having a forclosure on her credit report which is a credit killer + I know how banks like to sell the property back to themselves at a loss, give the owner a debt forgiveness for the loss they take, which they now have to pay taxes on, and then the bank list the house with a realtor and tries to get fair market for it.

I told the agent that I'd only be interested if it was a killer deal.