If you do not want to sacrifice going outside of your desired area then maybe you can get 1.0-1.5% but you will have to be willing, ready and able to act very quickly when those deals come up because as you are probably experiencing they do not come available much the smaller the area you are looking. 

(Located about 45 mins outside the GTA)1st Condo  = $120,000 CAD         2nd Condo  = $130,000 CADRent paid =  1000                           1000Expenses Condo Fees =    290                        290Property Tax=   100                        109Mortgage =        540                        590 Total =                930                        990This is a basic cash flow for the 2 properties I put together quickly and I believe rent could be increased as basement apartments in the area go for 850-1100 and condo's go for around 1100-1400. 

It was a fairly easy and quick process to get the license (a few months).

It is important to keep the funds flowing and have the project move as quickly as possible with little or no stoppage in work. 

I also agree that a lot of wholesalers have no idea what they're doing, and that they start cutting corners when they realize it's not the get-rich-quick scheme that they were led to believe.

We've been utilizing biggerpockets' tools and have built our own excel spreadsheet to quickly analyze data-dump from mls reports. 

You will learn a lot quite quickly.

If so how quickly were they able to do it?

The markets are overpriced but homes do sell quickly.

I don't need a quick buck with these my hope is that over time the owners in this area come to me when they are ready to sell.