@Rhea Jackson welcome to the greatest city in America :-) Let me know if you want to meet up for lunch or coffee and talk RE.

- Say you won a bid, is all paperwork completed right then and there or is an additional 'closing' scheduled at a later date?

We just held a Tulsa BP Meet Up yesterday.  

@Charles S.The 50 % Rule States: That 50% of gross scheduled income (GSI) goes out over time to cover expenses not including debt coverage.The 1%, 2% and the 50% rule is meant to act as a quick analysis tool, to insure the deal is actually deal.

I would agree with @Chris Muller Kelowna is a great market for investment, it is getting more competitive but we are still able to find deals that meet our requirements. 

If this meets your criteria, and you plan on holding for a long time, then no worries.

We can give you general ideas, but in the end it is about reaching out and meeting people and being the name they think of when it is time to buy or sell a house.Good luck!

@J Scott  HOA s  are an important part of the due diligence.what I have personally encountered since the melt down.. is that the HOA's were never really formed other than the CCR's recorded.. developer ran out of money.. home owners never had a turn over meeting.. so its a rudderless ship.I built some homes over on the Oregon coast that was like that.. there was and or is a HOA but no one is running it.. so no one to talk to about design criteria.. and out our way . 

Anyways, I would love to make some contacts and would be interested in working with others to learn a little bit of the ropes and meet more of the industry people before I jump in  as I am processing financing options and looking into a Cashout Refi.

I am looking forward to meet you all.