-has a positive cash flow-is rented at below market rent -has a cap rate greater than 10%-relatively good shape -Occupancy is above 90%-Price/unit is below $30,000...would you buy it if you had the funds/financing to do so?

I have several investors who have been in this position and they have focused on buying a rehab and when all of the rehab is completed, they have it appraised and refinanced to help them pull out some more cash towards their next purchase.

Are you in a position to pay finder fees on Vegas Mortgage/Real Estate referrals?

I am in a unique position.

Though both properties generate positive cash flow (barely) with only 5% down, I paid market value both times and dont want to do that again.

I have been talking with a person that buys notes (non-performing 1st position) and he mentioned a term that I had never heard.

Worth + $ 1M USD, with at least a 70% equity position, receive 3.6% weekly bank endorsed investment incentives of 100% appraised value!!!!!!!

There are good 1st position notes out there and descent seconds to buy for yourself.

I might assume the existing mortgage, but if I could find someone to just lend me 2 million CAD and take first position that would ideal. 2m would be approxmiate 90% LTV.

Your equity position is market value less any liens, so, market value( $ 125,000) - liens ( $ 90,000 ) = $35,000.