Hi Anne,It all depends on your own goals, if you really believe in the area, have done the work and have come to a conclusion that your money is used best in an asset here, then do it.Theres no reward without any risk.

It's very difficult to cashflow positive in Calgary right now but it IS possible.

When taking over a long term tenant occupied property and the tenant has a pet would it be in my best interest to immediately request a pet deposit and increase rent due to pet, or don’t say anything about it and allow myself to make a few months rent in the bank than increase the rent in January?

It is a very challenging market for many Loan Officers and Brokers.

As a first investment, my best advice would be to focus on turnkey properties that are currently on the market instead of foreclosed properties.

Hello multi family investor gurusCat urine damages property very very bad. 

(Note: These are non-negotiable requirements) Other Incentive ProgramsSmall Business Improvement Fund: Best thought of as a storefront/small business rehabilitation program, this small grant program ($150,000 for commercial properties and $250,000 for industrial properties) is targeted for smaller renovation projects and can cover anywhere from 30-90% of the cost of remodeling a storefront facade, roof replacement, major systems replacements (HVAC, plumbing, electrical, etc.) or an individual interior space build-out within a larger building to get it tenant ready.

Getting StartedWhat's the best strategy for a beginner to start with, especially if aiming for quick progress towards financial independence?

Not very helpful as a post but the right thing to do here is share your entire situation with an accountant. 

bridge would be your best bet from a private lender