I have finally let my family know of my intentions and their initial reaction was to put me down and say that my goal was unrealistic for someone as young as I am and that rental properties are so much work that I will not be able to handle it.

The owners claim they were duped and had their equity taken away from them etc.No legal advice given. 

This guy claims for $1,400 that he would help you find them and apply. 

It will show you what he claims as expenses, income, etc.

I was actually wondering who claims the mortgage interest for tax purposes. is it the seller i'm buying from since the loan is still in their name?

I got someone on another thread claiming he is buying $2,000,000 properties for $300,000!

One out of every five flood claims is from a low risk area, and the models are only going to get worse and worse at predicting the real risk.

The Finance Minister announced steps to curb the influx of foreign capital into the Canadian Real Estate Market  (in which he really meant TO and Vancouver ... down east we are not really suffering from the influx of foreign money ... sure we lost a 50-unit deal a couple of years ago to a Chinese investor, but the property was not worth what s/he paid, so we'll see it back on the market eventually).That said, Ottawa is only removing a loophole which has allowed foreigners to purchase a residence in Canada, claim it as their principal residence and then benefit from the personal residence {captial gains} tax exemption when they sell.  

They claimed to fund 100% of purchase price anytime.

Charges 6 %  - unrealistic rate for a private lender lShall I continue.