I'm only a few weeks ahead of you.

My (RE agent) friend at the time gave me a heads up on the owner needing to go to a nursing home. 

They came from out of town and went ahead and closed.  

But legalization will happen in the US sooner or later, and when it does, your Canadian equity will have a head start.

I think I will go ahead and get my license as it sounds like it does help to understand the market and some other aspect as well.

I'm following this thread, so please update it if you decide to go ahead with it... 

Long story up ahead!

Depending on the number of vehicles, age of drivers, number of properties owned, the rates can be very affordable. 

One mistake can be forgiven the second never will be.Your vehicles and other assets can be held in personal property trusts etc.Just remember to buy plenty of liability insurance and both personal and commercial umbrella policies.If it ever gets to court your tax returns will be subpoenaed and subject to asset disclosure.So if the business entity operates the business and does not OWN anything because land trusts own every piece of real estate it creates another barrier to asset seizure.

One of the keys to the HUD 4155 is section 4155.1 4.B.2.c  where it says "FHA will not insure a mortgage if it is determined that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining investment properties, even if the property to be insured will be the only one owned using FHA mortgage insurance."