How much monthly discretionary income do you have?

wholesale rates can be much better than retail rates with some lenders. 

Anytime I have had a question or needed a resource someone was always kind enough to jump in and offer assistance which is amazing!

If you're going to need a mortgage, you're locked out of the game. 

I’d recommend starting with a property that needs little/cosmetic work that can be rented from day one, and preferably has existing tenants.

City won't let you rent out basement, but owner can live in basement.It may suck for 1-2 years, but then you'll have gained so much knowledge you can do better on the next one!

Has it developed much in the last 5 years? 

For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.

Wishing you much success this year!

Turbo tax will prorate your depreciation for you when you input the purchase date but you need to input the land value (1/6 your PP in my example) and what % the rental is of the dwelling.