But I've never been a big believer in following arbitrary rules. :) I can get away with it in my own house, on a flip or rental I wouldn't try it. 

Both my agent and I learn along the way, we looked at more than 50 properties.

The grief that he had to go thru.My number one rule is I don't rent to friends or family.

The realtor just told me we need 50% down.

Seeking Advice:I'm 39 with 52 units,(50% partner 26 units) ranging from SF to MF (18 being the largest) - all hold properties. 

Lending rules in Canada are very dynamic so you really need to ask someone who is an expert in this area.Good luck!

They will typically range from $5-$50 and are well worth the cost.

The business seems much larger, since there is 17 locations in the area and was told there are thousands of offices nationwide...Commission:level 1: $0-$25k 60%level 2: $25k-50k 65%level 3: 50k-70k 70%level 4: 70k-100k 75%level 5: 100k-150k 80%level 6: 150k-175k 85%Level 7: 175k +     90%Fees:$300/yr, E/O insurance$100, new agent setup fee$75/mth, marketing fee$72/per 1000 business cards$18/per name badge$225, FAR/NAR Membership initiation fee$460/yr FAR/NAR annual membership dues$90, MLS setup fee$350/yr MLS annual membership dues$50, supra key setup fee$275/yr, Supra key annual membership dues$110, lockbox purchaseFlorida Luxury Realty from the beginning was kinda hidden off the road, the office is hidden in the back of a business complex in regards to the one office i specifically went to, its very clean and professional looking, just the office overall is not very lit up or fresh looking...and when i dropped in there was noone at the location outside of the clerical person at the front desk from what i could tell, most of the office was completely dark...

I would also "stress test" your #'s when you are buying a property, as in can I still make $ if the vacancy rate in my area jumps 5% or you have to lower your projected rental income by $50-$100 month.  

So from my "limited research" I was under the impression that you would bid at about 5-10% lower than the foreclosure price, but these bids are about 50% + lower.