Do you think it is worth our time to explore seller financing or should we just bite the bullet, find another rental, and continue to save until we can qualify for an FHA loan in 2 years?

Do you think it is worth our time to explore seller financing or should we just bite the bullet, find another rental, and continue to save until we can qualify for an FHA loan in 2 years?

As I said above I have not explored this area of RE and so I spoke more as a buy and hold type. 

I'm also exploring other financing options through credit unions etc.

We're exploring options on how to use our money from sale.

If you have looked that route and are still having trouble with the cash down you may want to explore seller financing, or hang tight till you have a little more cash on hand. 

Another niche worth exploring would be in areas where there are lots of young businesses attracting young professionals who want to live in digs, e.g.

My challenge is figuring out how the real estate landscape is different in Canada than the US, and what major differences do I need to take into consideration when exploring topics such as BRRRR investing and using leverage to purchase property.

No offense intended or directed toward anybody who has made such suggestions or offers already - I am simply warning the OP to be on his toes, and really explore and investigate any opportunity that anybody presents.

I'm exploring the option of buying a REO, but have no idea where to start.