Also, as you alluded to, it's not just 50 units in general, I'm looking for a bare minimum cash flow of at least $300 per door (of course, looking for higher returns) but at the very least to get out of the rat race that's the goal I'm shooting for.  

Risk losing value as we face uncertainty with where the real estate market is headed.Option B: Sell the Home.  

Only at face value, I wouldn't base a purchase on one by any means.

you can't talk to people facing foreclosure?

I like to use White in rentals, let's face it, much easier to clean. the cheaper cost is certainly a factor.

I would expect class C and D properties to be hit harder here than class A and B, since A and B are less likely to have Section 8 tenants to start with.3.

Otherwise you can usually replace the fence as long as you face the fence on your neighbors side

In my opinion It's not ideal for rental.. at least here in the US (I noticed you are in Canada... not sure how it works there)Here you have to pay property taxes and insurance... you obviously need to pay for maintenance as well as property management (even if you manage yourself consider that your time = money)... you also need to take into consideration initial vacancy and the fact that sometimes it take couple of tenant's before you get a good one that stays very long termHere once I take all my costs out I tend to make approx 30% of my rent in the first year50% in year two and three 60% afterwards If rent is $1200, it would me bring net $400 avg first 12 months ($4800 first year), $600/mo second year, $700/mo afterwards... probably a hair more if I include a rent increaseYour interest payment after the first year is going to be approx $700/mo... which means you are barely making it.

Try and get in front of them and have a face to face meeting.

Don't want to barely get into a property with nothing left.I would do what you did to save the first $5k and keep doing it.