After leaving several messages with no reply, I was able to contact a lady that did not give a crap. 

Mortgage, tax, water, sewer, trash, utility, snow plowing combined cost is $3250.Yes or No?

If the property is sold for a loss and that loss is combined with the suspended passive losses, which have accumulated over the years can we now utilize them when this comes off my taxes?

We both have around 12k in debt combined, from osap loans after dropping out.

I suspect that is going to be a different answer for everyone, and a combination of several factors.  

I saw many deals in and around Michigan for 65-85K that would return 800 USD a month or about $1100 a month where I am from.It's easy to see that if I sank 250-350k jn the states I could easily get 5 - 7 deals maybe more If I wholesaled the deals myself I'm seeking honest feedback, Is it a realistic dream to build a portfolio in the USA (Midwest) and combine with 2 yearly inspection trips and maintain a tight communication with people on the ground while living overseas?.

This was the perfect combination for someone investing from abroad.So the first deal was a newly refurbished 2 studio apartment building, right next to the local University.

Assuming you can get the Co-op leveraged up like you would want, the cash flow would be crap under the new loan.

That combined with a strong positive cash flow potential and an economical growth rate that rivals other larger metropolitan cities is a huge plus. 

When I was new, I didn't have that experience and knowledge.Two things to note:1) The 5.5% you're talking about is a combination of commission for buyers' agent and sellers' agent.