CL was the only real game in town for a long time, but the usability has always been pretty crappy (the previously-mentioned flood of listings for a single apartment, lack of ability to search in more specific areas, etc.) 

It is a numbers game and you have to play it often to find that one deal out of 50 that will be an equity packed transaction.You need to find an agent that can trust that you are not just using them. 

Its all about YOUR risk vs. reward tolerance, and personal goals.I personally would say unless you have already amassed some equity and cash reserves sell now and go  do the same thing again then you will have $70k then again and have  $105k and so on...keep doing what you know how to do until you have enough cash reserves to get into the long term buy and hold game and can afford to weather any storm that may come along.Good luck.

I have been dabbling in real estate since 2004 and I am ready to up my game!

Hey All,I'm new at the flipping game and need advice on estimating rehab costs with REOs.  

If you're interested in purchasing your first property but you're worried about the bubble then you have 2 choices:Stay out of the game because you won't be able to sleep @ night, worrying about whether the property you just purchased is going to loose all it's value tomorrowDevelop a strategy to purchase distressed properties.  

I know the game well as this is not the only company that performs these deeds, but as I stated, their employees  are taught to use any of the forms of persuasion to sell the sucker (I mean customer).I hope you have not paid for anything yet, if you gave, get your money back now!!!

CMHC policy only permits a borrow to hold one CMHC insured residential mortgage at a time {though not every lender enforces this and CMHC does not always police/catch it}.  

They're also going to want you to have skin in the game. 

Hey Shawn I'm pretty new to the real estate game too.