But it will be a bit more work driving out there to resolve any property issues, but I may still be able to get into property there.I have been looking mostly these past few months in Chilliwack as there are a lot of people moving out that far as prices have risen so much.  

He and his wife have a high combined income, but they have some credit issues that may disqualify them for a mortgage today.

They over insure, pay out the nose each month for that coverage, and then use the policy for every minor issue that's covered.

That isn't accounting any $ in the budget if there is any issue with foundation, roof, HVAC, exterior paint/siding replacement, or anything else.If you were to buy at a purchase price of $95,000, after back end realtor commissions and closing costs you might make a $2,000-$3,000.

, condo assn issues?

You might have to find a small type catch all brokerage that dabbles in residential and small time commercial.These types of firms do residential and a few land sales and occasionally a small gas station or inherited type small building commercial.For the experts that only do one asset class the small deals like this do not make sense as they typically have a lot of (hair) on the deal meaning many issues to work through.

Maybe someone has had this same concern/issue when they were starting out and can offer some advice?  

There are also massive double tax issues.

Anyway, my strategy (exit as well) has been based off of them, so I am just trying to do my due diligence in establishing a relationship for not just this deal, but hopefully more to come.I would be the grantor/applicant and FICO is 775+ so getting approved is not an issue.  

I own my own washer/dryer & can get a microwave if I need to.Things I've had issues with:Tiny bedrooms, terrible lighting, and terrible leasing offices (apartment specific).Things to know:This is for my family.