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

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.

What you lose in fees is quickly made up by the higher rate of growth.

The advantage to long term renters is the consistent cash flow, lower start-up cost.

I formed an LLC with my dad and need some advice on how to split up ownership percentages.

Hi David,The best way structure this would be with a higher collateralized loan to value loan.There are a few funds who allow up to 90% CLTV.

All those with equity are scooped up by investors or sold by those being foreclosed on before it is finalized.

I'm considering building a portfolio on single/duplex homes in Oregon where my parents can be my managers - and I am up there 6 times a year.

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.

From what I remember, they addressed all concerns such as insulation, insuring them, or anything else that might come up without relative problems.