I lack the funds and my credit isn't superb, but climbing back up. 

My advice to my daughter and son-in-law as they did not want multi-family, either, and wanted to buy a home to live in,  not just investment property, was to buy something that needs some work, plan to fix it up within the 2-year tax-credit time period, sell and keep profits tax-free, then buy another one that needs work and repeat until children need a solid school district.   

Thanks for the reply Brian, 5% is what the loan specialist I am working  with sent me today as the ball park rate based on my credit score. 

This is because the Canadian credit history is not used by American lenders.

It’ll make you look better to credit unions and banks when asking for loans.

I have a 720-ish credit score and no debt besides my home here in Florida, which I will be keeping as a rental.

I have a 720-ish credit score and no debt besides my home here in Florida, which I will be keeping as a rental.

@Joe VilleneuveOffering rent credits is really great to sell properties fast but I have also heard there are legal complications related to that.One thing that i can think of is giving Seller concession instead of rent credit. 

I've got a list of 10 banks im calling today to try to get a line of credit on a leveraged rental property!

Also to add, his credit score is great (above 700).