I'll join the FB group so that we can all stay in touch there as well.Look forward to meeting you guys soon.

You can't do anything to speed up the process,mother than providing proof of your ability to buy up front, and be responsive to counters once you get that point, and stay in touch with whoever is negotiating with the bank.  

I find it's easiest to automate everything and put it somewhere, where you can't touch it

These will always be in older parts of town (not war zones) and in need of fix up. 85% of my deals had seller financing (sellers know they need to carry financing on this type of property because the bank WILL NOT TOUCH THIS KIND OF RUN DOWN PROPERTY OVER 5 UNITS).The rents are under market when I buy, because of the condition.  

Get in touch with lenders, agents, town officials, contractors, and anyone else who might know the market.

Do you think I have options to get some type of equity line the full 150k would barely touch the equity.

Framing, electrical, hvac, plumbing drawings and permits are also required, if you open the walls and touch and move the 'subject at hand'. however the trades will draw up the permits and submit them.

Investigate their project then find someone who is looking to back such a project put them in touch with each other for a small fee!

I wouldn't touch those properties with a 100 foot pole though.

Now if I could only find properties like this on a more consistent basis.Here's a brief summary of the expenses I incurred: Front Unit Flooring Materials 1,743.00 Labour 300.00 2,043.00 Kitchen Paint + Labour 90.00 Countertop 180.00 install and small parts 130.00 faucet 160.00 560.00 Dishwasher Used Kijiji 50.00 install and small parts 200.00 250.00 Laundry Used Kijiji 300.00 install and small parts 200.00 500.00 Finishes Finishing touches 210.00 Drywall, Trim, Install 1,166.00 1,376.00 Painting Paint 216.00 216.00 Electrical 1,316.00 1,316.00 Garbage Removal 150.00 Garbage Removal 150.00 Total 6,011.00 I'm very happy with the way the unit turned out, and think I've got a great tenant in it (She's been consistently paying her rent a week early and unprompted!)