@Troy Fisheryeah, city of Seattle has been throwing around, and implementing some very investor-unfriendly ideas and by-laws.  

The terms on these loans are much more stringent than a traditional mortgage and usually require 40-50% down payment and a healthy amount of reserves in place to absorb expenses (capex, vacancies, maintenance, etc).  

This means the process is a lot less stringent (based on personal financial statement, debt coverage ratios (subject property DCR/global DCR)) and funds much more streamlined and quicker.In a recent example, a conventional cash out was only going to get me 65-70% LTV around 4.75% with no points, but if I went with portfolio it was going to be 4.99% up to 80% LTV with 1 point cost and terms were 10 year with balloon thereafter, 5 year fixed adjustable rate within the 10 year balloon period, 30 year amortization - principal & interest payments, w no pre pays. 

Do the rules implemented in BC already exist in other provinces

We have been doing it for years and find our best deals, as we've implemented systems, etc.

I enjoy learning about how to value and make offers on apartment buildings and I am trying to implement some new things I've read about.I drove past an awesome looking apartment building on the Northside of Racine. 

Commit to immediate implementation by changing the way you define "failing" in your mind:Sending out mailing campaigns to sellers and not getting any deals yet is a success.Calling 20 FSBO calls everyday and not getting any deals yet is a success.It's a success because you are in motion and will eventually get to your destination purely by tweaking and staying consistent.Staying stuck in analysis paralysis forever is failing.

Before you implement this strategy you should ask your agent for a report of sold properties over the last 6 months in the area that your targeting to see the % of sold price versus list price.  

Plus I was told that the underwriting requirements are less stringent for commercial.

Filipe Pereira I agree with you that's where my thinking is at as well I want to start implementing systems even though I only have 2 properties as that number grows systems will help make my life stress free I talked to a PM about 2 weeks ago and when We met up at their office they were just moving in not the most professional but they are apart of a big PM company They were willing to negotiate on price which I liked I just don't want the beginning of my journey to be low on cash flow you know?