I wasn't aware they were sending it to auction since it was originally listed without saying so.4) Since I had a relationship established with my HML and I knew they did auctions I just requested a proof of funds letter.5) I bid, I was top bidder but the auction didn't make reserve hence why I'm waiting to see if the seller will accept my offer.Some caveats about auctions:Do your due diligence.

He won't go around filming a bunch of houses and putting in tons of low-ball offers for you, but if you have proof of funds and know what you're looking for, he's a great resource.

I'd be very cautious trying to bank on home appreciation at this point in the market cycle. 

Proof!

Proof of income in Canada not required, instead applicant must provide evidence of the equivalent of 12 months of mortgage principal, interest and tax payments in liquidsavings in Canada (this is in addition to the applicants 35% down payment).

@Melody KushiIf you are making cash offers, any astute agent or seller is going to want proof you have the cash.

I shared my lease agreement with Caltrans as proof I had access and he agreed to share lock again.

I think if you get a great property for the right price and you manage it well with good tenants with decent cash flow (easy right, ha ha) you can ride out economic  cycles.

in this last buying cycle. a  45 unit solid B to A class in a major metro area  for cash just under 2 mila small rural mid west park of 16 lots sold for 140k on terms.a 18  unit and 2 stick build rentals in a 200k population city with full services but older single wides sold 525k on terms. 

If you are not sure the son has redemption rights and you want to make him prove it, include a sentence that says, "Subject to verification and proof that _________ is an allowed redemptioner under the statutes."