In the meantime, I am trying to learn everything I can in order to bring value to the partnership.My goal is to start my investment portfolio with single home/duplex rentals and grow into larger multi-families.  

So, what starts out with poor cash flow can in the long run actually produce more cash flow than a property in a different market with high initial cash flow yet low demand and high supply relative to that demand (which is usually why the price is cheap and initial cash flow is high, BTW) such that it produces only low rates of rent increases (even below inflation). 

I love this field and am very hungry to learn as much as I can. In

You can't deduct every expense and depreciation so easily as you can in US.

You may as well tear the band-aid off and start by finding the most competent professional you can in whichever of those two areas has you the most nervous, and trust their referral from there. 

Your first priority is to get the problem really taken care of and re-rent the unit as soon as you can.  In

Read the BP beginners guide, go to REI meetings and talk to as many people as you can.  In

Willing to help out anyway I can in order to learn from an experienced investor like yourself.

This is currently the track we're on which wouldn't be possible if we saddled ourselves with a fat mortgage payment not to mention having to save for the down payment.

(This is my opinion as the best choice, please shoot as many holes as you can in this one, as I'm thinking this is where I want to head into.