I am disgusted at the ploys this specific company uses to get people to hand over their hard earned cash.

If you can get in 2 properties that break even at the end of your 5 year mortgage term your pay down and appreciation will be fantastic, versus a couple extra bucks you saved from paying the CMHC with 20 down.Do some homework first, if you can't qualify for a second property with your leftover down payment consider reducing the CMHC and interest with the full 20% down.

If the cause was due to a debtor using bad judgment, simply not paying or nor managing their money, they will be looking at a longer time frame to reestablish credit.One of the risks assumed by a lender is the risk of a borrower taking bankruptcy, delaying payments, a bankruptcy that has been discharged actually reduces this risk as debtors are barred from seeking debt relief for 7 years I believe it is.

We have not talked numbers or financing yet but he said I can bring in an inspector to take a look around.The last piece is that I'm self employed, earning around $30k a year, no debt, around $35k in cash I'm willing to invest, though I would prefer not to spend it all on one property.  

You can earn your stripes with lower cost homes and mistakes.  

Generally, what you earn from the assignment is inconsequential as long as the other party is getting a greater value proportionate to your fee.

I have also heard it can reduce home owners insurance by 10-20% if thats true i could pay for itself and just increase ever so slightly the cash flow.

I don't trust him with my money at this point which is why I am here :-)  I am a skeptic and trust is hard to earn with me so I am very leary to do much unless he has some skin in it to.  

Borrow from relatives who want to earn more than they get in a savings account.

True to the point about HOA dues for townhouses and condos, but those dues do include a percentage of your CapEx so this can be reduced in your projections.Hope this helps and good luck!