You will never possess what you choose not to pursue.Still round the corner there may wait; A new road or a secret gate; And though I oft have passed them by; A day will come at last when I; Shall take the hidden paths that run; West of the Moon and East of the SunNot all those who wander are lost...It matters not how strait the gate; how charged with punishments the scroll; I am the master of my fate; I am the captain of my soul.

.... mais, je doit vous dire que le météo au mois de Janvier à Saint John ou à Calgary sera an peu different que à Abidjan ;-)You are correct in your observations that your capital will go further in Saint John than in Calgary, but there are a few other things to consider:Calgary is a much larger city than Saint John - with both the good and the bad that brings with it;market appreciation and growth would be higher, though perhaps more volatile, in Calgary;the building stock in Saint John, particularly in Uptown, is much, much older than in Calgary (I have buildings that are older than Calgary itself).  

-educate massively so you deeply understand systems, develop a strategy, and build confidence in your understanding-find your strengths and weaknesses, your unfair advantages and disadvantages-maximize your personal finance so you have extra funds, get your self-sacrifice on -line up your strategy with what opportunity you have and what opportunity you can create-most importantly, you need to KNOW this works and it works for people in much more dire situations than yours.

This business is full of people who don't understand the business strategy I've outlined and simply think that low rent in general will reform all tenants and/or keep them on the strait and narrow.

Welcome to BP @Justin Strait.

@Patrick LiskaThank you for the response, I am definitely going to try and set things strait tomorrow.

It seems to me like you would need to have a lot of liquid capital to be a private lender and I don’t think that is something I could jump strait into.

Anything in Denver metro sub $200k is almost guaranteed to be in dire shape and need significant investment to make it even livable.

@Sean McGrady if the situation is that dire for your landlord, depending on market demand, more likely than not he'll list on the MLS and sell to a suitable investor to pull his equity out.

So while it's certainly not likely that I'm going to run into the specific issue I mentioned here, I'd still like to be able to plan in advance anything I can that will protect myself in case it does, since the downside to being caught in this situation is pretty dire (especially with a first property).I'm definitely moving forward as quickly as I can..