I've been trying to offer the other side's perspective, for education purposes.

From loan perspective or rental management?

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.  

If you can drive a stick shift, you can probably get a decent older pick-up for not much money.  

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 

.:) This, by the way, works the same in 120-unit buildings as it does in SFR - rules are different, but perspective is the same, or at least it should be IMO.

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