@Jonathan Halverson I have similarly thought the same thing as the OP about getting my license down the line.  

Many of the HOA's face, as outlined above, enormous property and people challenges yet in major cities 1 in 3 or 4 home sales is a condo or co-op...Best of Luck!

The OP right there and then who is analyzing something. 

I said what Khan said except more BLUNTLY and concisely.AT least op could have given his income.  25k wholesaler uses the hope N pray method a lot more than the 150k wholesaler does......................hehehehehehe.Im not a hater i just see the realities of life and many here see only peaches N cream as they start out investing. 

As to the OP's situation, it was not reasonable wear and tear.

The OP says the structure was demolished leaving an open field!

(Start looking for storage rental options as that can be a cash cow at the right place with high deployment and TDY ops tempo's). 

We've done I think 12-15 projects to date (I'd have to count) which has primarily been rentals.Only 2 of those have been projects where we've done all new windows.Order of ops though.....

I don't know what the cost of the program the OP mentioned is, but if they are teaching BAD info it is definitely a waste of money.

In which case you'll need minimum 5% and will pay a CMHC or Genworth insurance premium which can be as high as 4% of purchase price.....Allow me to elaborate on the above a little.With high-ratio, insured mortgages - whether via CMHC or one of the private insurers (Genworth, Canada Guaranty) - ratios to an LTV of 95% (5% downpayment) are available for single family homes (SFH) or duplexes, while ratios to an LTV of 90% (10% downpayment) are available for triplexes and quadriplexes.As a new immigrant, the OP would be eligible for the Newcomer Program which allows for an LTV up to 90%The insurance premiums range from 0.6% to as much as 6.6% depending on whether you are using a "non-traditional" downpayment and want to have mortgage portability.