We have set up filters and find some pre-foreclosure and foreclosure properties in our area which we want to look further. 

A living in trust could speed the transfer process up possibly.Good Luck!

Do I need to get a separate contract drawn up?

An opportunity has come up to purchase a 16 unit apartment.

Soft ground or wet weather can speed up the sinking.In most cases, this is not a deal-breaker when purchasing a used mobile home.

AS a follow up foreclosure buyers in Las Vegas have it good also.. the sales are conducted in the parking lot of one of the local title companies.

Success doesn't come on a silver platter but it can be accelerated by being close to the right people.

I found it through word of mouth at work and ended up buying it from a coworker who initially wanted to rent it for me.

Go to meet ups in the area, find out all active investors in that market, talk to brokers in the market who have clients looking for capital, attend events that you can network, and look into joining the various communities in real estateGino

If the property doesn't meet the DSCR or the value basedon the market cap rate, your down payment will increase to bring up the DSCR orclose the gap to cap-rate value.Challenges/Lessons Learned: Just becauseyou can buy a property with a CMHC insured loan doesn't mean it is a good deal.We've seen a lot of investors agree to pay too much for the properties, and getshocked with a big down payment and low cashflow due to the low DSCRrequirements.