They will drop the price approx 10% after 30-60 days on the market (Seems to vary a bit by region and asset manager) .  

If there is anyone who has experience in this particular region I would love to talk to you and learn from your experience and see if I can help in any way.

So far that's worked quite well (and I don't plan to stop), but I feel limited in terms of the markets I can invest in with those people.I now want to broaden my search into different markets, but when looking at the entire country, I get a bit overwhelmed (and end up making no decision at all because I have way too many options).This is a relationship business, and I'm confident enough in my networking and relationship building abilities wherever I go, but I'm stuck in terms of the geographic regions to focus on.How do you choose your out of state areas to invest in?

I love investing in the Midwest or what some people call the Great Lakes region.

. ~$100K/unit for multifamily is a bit high for the region, but nothing out of the ordinary.

Also try small local and regional banks, skip the big national banks.75%LTV is fairly common, why not get another partner to make up the difference?

They have opened facilities in other parts of the region and also near the west coast.  

Started buying in 1996, have owned passive rental properties in North Bay, Sudbury, Timmins, Toronto, Hamilton and now in Niagara Falls.  

http://www.cbc.ca/beta/news/canada/toronto/rental-...Interesting how they only have quotes from tenant's rights groups.

Smaller city within Toronto, but some of the nicest residential areas!