Edmonton is a sellers market right now, so this will presentchallenges to buyers.

You posted this in the wholesaling forum also.

This will protect both you and your potential partner.

Or should I save up separately for my first rental property and keep my personal residence out of this?

We haven't decided if we want to keep this or sell it.

Utilizing this strategy with FHA or Conventional loan products.Although sometimes the 4 units can be hard to find sometimes you can compromise and find maybe a 2 unit or 3 unit with 4 units.

A bit of research and finding the LV .gov page and I see all the rules.

I've been on this platform and learned so much from fellow investors.

I know one of the main qualifiers is it has to be owner occupied - which is fine.Will there be any issues with this second purchase being in the same town as my first MF home?

I learned this lesson the hard way when I bought my first investment property off market.You need tenants who stay for many years, pay rent on schedule, and take good care of the property.