BTW definitely check out some of the tools available to help with forecasting, yield management, analytics for AirBNBs, here's a non-exhaustive list : http://travlpeer.com/2015/02/28/15-startups-supporting-the-short-term-rental-host/

I know I'll have to continue my education but right now I'm just a little exhausted from it.

“Learning never exhausts the mind.” – Leonardo da VinciEveryone has to start somewhere right…"Whatever the mind of man can conceive and believe, it can achieve." - Napoleon HillThe reasons that I am reaching out to you are as follows:I look into everyone’s profile and for lack of a better word immediately “envied” the ways in which many of you have gone about presenting yourselves, your current objectives, and also your short term & future goals tooI only want to pattern my business & it’s practice after extremely successful examplesSince rejoining the community of BP I have been constantly & consistently blown away by the quality & quantity of advice and or assistance that is given by others in this community of investors & other real estate professionalsMy gut told me that this is the best site for this outcry and to definitely take full advantage of this platform It was made instantly clear to me that I would learn a great deal from all of you.

There might be things that you haven't exhausted, but you need more experienced network to exhausted them.

The process is very much like that which you read about here on BP for many U.S.A. states.When the mortgage goes into default and, after the lender and owner have exhausted any other options, the lender will begin the foreclosure process to take possession of the property.1) In Alberta, the conventional first step will be for the lender's attorney to send a "Demand Letter" to the mortgagor advising them foreclosure proceedings are to commence.2) If the mortgagor failed to pay the arrears as instructed in the Demand Letter, the lender's attorney will next serve the mortgagor with a Statement of Claim.  

The biggest key is that the tax is completely deferred even once depreciation is exhausted, until you sell without a 1031, die, or start to convert property to your primary residences over time.

@Christopher Laverdure  Unless I am missing something (I just got home and exhausted lol), your assuming that you will NEVER have any costs other than what you listed, and that it will stay rented 100% of the time (you will always have vacancy at some point). 

It's exhausting and totally time consuming, but your planting your seeds now to bear fruit for you next Spring.  

The installation shown here exhausts through a plastic pane in a window.

I'm considering trying to drive for dollars or exhaust other avenues of finding some deals to wholesale or just find for other local investors I may meet and build up some capital that way to get started as well as learn a little and meet some people.