My father in law keeps suggesting I find something that cash flows on a 15 year mortgage but I cannot find anything at that price range here.

It's a crappy cash flow as most houses are in that price range.

I used this concept many times by offering 3 price ranges of say a possible home I was rehabbing  and the end buyer most of the time bought in the middle even though before they were basically set on the lower price version of the rehab before.

I am a project manager on projects ranging from $200k remodels to $8 million ground up homes.

Fast food is the only thing available in that range.

I just finished a free course he gave, It had about 56 videos that range from 2 to 30 minutes.

The demand in my area seems to be at the 2k-4k sq ft range.

I have been really digging deep into the area's statistics and I drive through it every day on my way to work.Last week my business partner and I found what we thought was a great rehab project in the area and in our price range and we went and checked it out with a local agent...well unfortunately, we decided it was too much work for our first deal, so we kept looking.This week I've had my eye on a property but I would really appreciate some experienced guidance first.The property is listed for $51K with 2 beds and 1 bath at nearly 700 sq ft and valued at  $61K.

Other lenders, such as TD are also making noises about adopting this practice.If your broker is good, she should be able to help you plan a strategy on which lenders to approach when.Buying a whole building does not relegate you to duplexes ... you can probably find a quadruplex, quintuplex, or sextuplex in Nanaimo area (maybe a little further afield, say Duncan) in the 300 - 500K range.

If you get to know this market, you'll start finding deals well within your price range, and turn around and sell for a profit.