Either way you will need to pay off the back debt to ensure you are not putting money into a house that could still be foreclosed upon.

Once this outstanding receivable goes beyond a certain point in time (days overdue) it is moved into "bad debts" and eventually, if it remains uncollected, will be written off.This is how we handle delinquencies. 

Lastly, they have admitted that "all hours of the night" is before 10 pm - legally quiet time in the town is 11PM to 7am.Again - I too want them out - but want to protect myself.

If you can increase the income through a legally zoned apartment you will increase the value of the building not just your cash flow so its at least worth pursuing. 1) Call your local zoning board.

There's not a lot of Alberta specific MF meetups because:Market size is smallMost investors think of condos/houses as opposed to multifamily (hence, less interested investors)Debt-financing is hard to come (relative to the US)Institutions are not as investor/landlord friendly (relative to the US)Lots of Canadians invest south of the border for all of the above reasons plus better returns/liquidity/currency diversification. 

Finding her (actually sought her out) and talking with her cemented in my mind there are legal ways to accomplish wholesaling and some Title Agents like her know the correct ways as well as newest restrictions.  

It will also have the property legal description and any exceptions to the title policy.

I understand the debt to income ratio concerns, I was thinking maybe I could place them under a LLC or INC and or not be too worried about that if I am in the six figure bracket.

I also make sure the have legal documents to protect their investments, such the real estate itself.

Even then you run the risk of the appearance of a conflict, and the resulting potential lawsuit.The conflict arises because of the different legal roles of an agent and a principal.