From investment perspective, most of the house sold here have little positive cash flow even with 20% down and 4-4.5% interest.

Nick, to elaborate...Get a deal under contract for a minimum earnest $$$ and then pitch it to perspective partners.

The crazy part is the amount they are paying for the units it does not make sense from a cash flow perspective... that's why I'm assuming their goal is to buy all the units and sell it off as a apartment building and make money off the sale.  

Or as the woman that lived next to to me as a kid said as she brought over some of my favorite cookies of all time, freshly baked, these are for you because you played nice with your sister and her friends when I know they were driving you to the mad house.

Any advise (particularly those with a Canadian perspective) is welcome.Thanks all,Mike

Feel free to PM me with more details and I'd be happy to give you a clearer perspective on it, and I can also help you move the property when you get it 

I hear ya on the occasional sale.. what I am talking about is today's fresh PPM's that want to emulate the Blackstone's and Colony capitals...

Our clients include the majority of large commercial real estate firms which provides me an interesting perspective on the industry.

I kind of feel like the lorax for contractors on here sometimes but it's great to see other people with the same perspective. 

I'm also a realtor in the Phoenix area and recently joined BP to get a better perspective on investment properties.