US Citizen buying property in Alberta, Canada

[T Payne]

I'm a US Citizen who's looking to buy a condo in Calgary/Edmonton, Canada. Also, I would like to use the condo as an investment property (i.e. rent it out long term).

- Can i use a US Bank to finance the property in Canada?

- What tax considerations do i need to be aware of for a rental property in Canada?

- Is it a painful process?

If anyone has gone through this process, please do share the details/resources with me. Thanks