But I think EACH Contract has to be fulfilled in turn ie. double close.I will be interested to know if that's wrong.

If he is not fulfilling the signed contract, you are able and more than willing to recover your incurred costs through the court system.

I am in the Twin Cities and looking for a property to fulfill the 1% rule when fully rented. 

You could rent your current home for a year while you fulfill your residency requirement in the new place, then just move back.You could get really creative and rent out a few rooms in the current property, rather than the whole house so you don't have to move everything out, then back again.I am NOT recommending that you continue to live in the current property while saying you live in the new one.

What happens if there are issues when the contract is fulfilled?

Simply treat them as a rental unit designed to make money while insuring you fulfill all landlord responsibilities.

My point of view is this, some of them might not have the mind set or the capacity to fulfill what they have been thought.

Despite this Real Estate Investing is my 'burning desire' and I hope there is someone out there that I can learn from to help fulfill my definite purpose.Thanks Very much.

How it works is as follows, say on a US$100K investment:investor/lender converts CAN to US at today's rate $0.78 costs approx CAN$130K (with trader commissions)investor/lender then locks in to buy the CAN$130K back at today's rate, cost is generally 5% of amount or in this case would be $6500the forward contract is generally good for one year, so be sure to sell the property within that timeframe since if you do not fulfill the contract, your 5% option is forfeitedso let's say the CAN dollar goes to $0.85, then you'd need approx US$110K to repay the CAN $130K, but with the forward you are locked in at the $0.78 so only the original US$100KThe only downside is that the FX trader commissions are approx $0.005 on both the buy/sell transaction so you're down a full cent on the trade.  

I wanted to fulfill the three criterions and moved to Wyoming.