You are correct Steve and to clarify my point is that the cost of waste (which is the fear of most landlords in the scenario) is $100s vs the cost to separate , run new lines, add heating units, add hot water heaters,and add AC units which could push $10,000. 

I hope I get over my fear of losing money and make a dealCan you tell me if this was in a A-class, B-class or C-class neighborhood because I would prefer B/C-class but is hard to get anything that the price and numbers makes sense

I'm not sure if this will work out realistically, but I'm hoping to simultaneously negotiate all my deals from both end (try to purchase for cheap from seller and sell it for a bit higher to end buyer.)My fear is that I would get stuck with a property, so I hope that if I find a buyer for the property the same time I negotiate to purchase, I can assign the contract without fear of being stuck with it.

Personally, I have no fear of taking as many 80% 30-year fixed loans under 5% interest as I can possibly get.

I think going in lower then asking price works in this situation because you are in the first look stage  and if the property needs work most novice first time home  buyers will not bid on the property out of fear of not being able to take on such a challenge.

I guess my fear is that once I reach 4 properties or so I would be maxed out with mortgages and not be able to continue investing.  

Thanks to Josh, Brandon and the crew for making this happen and everyone here for sharing their knowledge, experiences and advice so freely for the benefit of others.I am a geologist in the oil and gas industry here in Calgary and like so many right now, I am fearing another round of layoffs as oil prices continue to go down and oil companies keep "cutting costs".

I fear the investment get off my *** bug has bit me pretty hard

My fear of getting these 50 (or even 20) properties under contract and my cash buyers don't want them. 

My fear of getting these 50 (or even 20) properties under contract and my cash buyers don't want them.