You can open these accounts for free with various financial institutions. 

In my experience (personal & w/clients) the wife usually doesn't want to pick up and move too often to stick with a strategy like yours.

But is this possible with my current capital?

The ratio of each starts higher with interest expense in the first month and then higher with principal in the last month. 

@Robert B Azimi If I'm in your shoes I'm meeting with the tenant in person to figure out what's going on.

We are looking to make this post to start getting in contact with likeminded people in the areas of Calgary or Edmonton.To provide a little background, we purchased a half duplex 3 years ago in our hometown (Northern Ontario) at the age of 21.

Quote from @Alex Saidenstat: Hey everyone,I'm Alex, a 43-year-old investor with a credit score of 767.

There is no ability to set execution date to the future.The 90 day rule starts from the date the current deed was recorded to the date the contract with FHA buyer is signed.

Consider house hacking with an FHA loan for lower upfront costs or explore creative financing options if capital is limited.

This isnt a bad deal for someone with a SDIRA who wants to do a smaller loan amount.