Not all true..There is no magic number what the property is listed for or what it sells at only that the Lender must be able to prove they sold it at fair market value as was noted above.In Ontario the norm is Power of Sale and in Alberta the norm is Foreclosure.As for finding multi plex buildings being sold by the Banks it is very rare.

All so true.

Most agents I have worked with have the mindset that, if they work hard for me and hustle to show me the properties I need to see, I'll have no reason to work with another agent (which is true!).

The same is true for appliances.

The consumer can't really shop around as they don't what anything is called and wouldn't know what to ask.

We all get that, but if the rent is not above $1113 for this final price, I'd keep shopping.

Once you are up and running successfully for a few years it will become much easier to qualify for financing for a property if you decide to buy.People say real estate is about location, location, location- but that is even more true for retail.

@Brian Levredge This is true.

For Vacancy)= 12672- 2399(taxes)- 420(garbage)- 420(sewage)- 600(insurance) 1500(Maintenance & Repairs) = 7333NOI= $7333.00Cash Flow= NOI(7333) - Debt Services(3828)AM15yrs=3504Yearly ROI= 14.6% (9000down+15000rehab)/3504(cashflow) Factored rehab cost into ROI to get a true number.

I'm out of state and wondered was this true if so were there online options??