Meaning, I can lean on the fact that if they're going to give a green light for the deal, then why shouldn't I? 

Self storage, mobile home parks, light industrial, large multi family… All great candidates.

Small upgrades are paint, door knobs, sometimes floors, updated light fixtures.

This is a problem because in working with traditional renters, the process to identify and qualify a tenant can be fairly rapid, and if the property is well priced for the market, the landlord may have a surplus of tenants to choose from.

LewisThe older I get and the more experiences that have shaped my being the more I have grown to understand that value judgement is necessarily rooted in both tradition and some deep narrative and the individuation of those charged with providing benevolent constraints masquerading and protection from one’s ignorance.

My wife and I are expecting a baby here in the next few weeks, and the process has been much cheaper and easier than it was with traditional insurance. 

You will definitely always hit a limit or wall with traditional financing and mortgages. 

If you're looking to invest in real estate on the West coast of BC, you're probably assuming that house prices have been pushed beyond a point that allows cashflow with a traditional 80% LTV mortgage. 

If it it's more surface work, like painting, light fixtures, new cabinets, etc, you could likely accomplish it.The more likely scenario is that you have one really bad unit that you can start on either through terminating the lease or offering the tenants some kind of move off incentive.

And the seller is probably right about them not making great traditional rentals.