Most banks are going to require 20-25% down for an investment property. 

Will the banks allow that?

Hi Shannon, He was living with his father who is elderly but his name was not on any of the transaction or escrow paper work.Also I spoke with another real estate attorney he mentioned, since this sale was a done by one agent (I had to use the sellers agent ) The realtor has failed to do her Fiduciary Duty in protecting the rights of the sellers' which in this case my wife and I.

Wholesaling is definitely not as prevalent in Canada and there are certainly not as many foreclosures / bank owned homes as the USA As for flipping, strategies those can be fairly similar such as the 70% ruleTaxes and legal stuff is different as well The concepts are similar and the strategies can also be similar

I have a potential tenant I'm screening who is moving from out of state for a job.He has asked if there is another way to pay the deposit/1st months rent other than cashiers check or money order because his current bank is not here in my state.Before I respond to him I want to ask on BP if there are other secure options?

I have no idea why that would be, but they never fail to surprise me.

PROs:Adds a level of professionalismAccess to MLSNetworking with other agentsAccess to resources of TREC, TAR, NAR, SABOR, & other groupsListing your owner propertiesAbility to earn commissions (or given them up in order to get a deal)Ongoing education that keeps you at the forefront of the market, legal issues, & trendsCONs:More liability (assume professional liability)Some people just don't like RE agentsRealtor - often considered the last bastion of hope for people who have failed to launch a  successful career in anything else.Dues, Fees, Insurance, Expenses in GeneralSubject to rules and laws that don't apply to non-realtorsHaving to work with TREC (they are just very slow and cumbersome to work with)For me, I find it worth it to be a professional in my field.  

I did mention in some cases (from what I've been told), that the bank will give relocation money, but I did not make any promises.

With proper investment, I plan to acquire properties with failing septic systems cheap and satisfy title 5 using alternative plumbing systems.

She said it had something to do with rights of ownership that the banks didn't like.Thanks in advance for your time!!