Seems to me, that in this instance it is important for someone to step up and do something. 

In this instance, I would recommend finding local flippers or wholesalers in your area to teach you the ropes and you become their apprentice thus gaining experience in the field and an income.Whatever you choose to do, remember that we are currently in a seller's market where prices dwarf 2008 prices in many areas and so getting a loan for a property as a 17-18 year old can be next to impossible at a favorable rate.

Thanks for the heads up

I am glad we dove in head first and got in when we did, and if I were to give you any advice, its to try and own asap to stop giving your money to a rental.

HBR published an interview a few years back concerning demonstrative loyalty of an instance at an international hotel in Mumbai to which employees chose to protect patrons rather than run for their own lives.

So, if I put in $80/month for insurance for instance, the BP calculator changes it to $80/annual ($80/12 = $6.67) and my analysis are all off.

Moving on, I would like to network with some local pro's as I head out in search of my first deal.

Even people who are paying over-asking price in Utah, for instance, may still be pocketing gains if they're selling in California.

How does the IRS and CRA look at this in that instance?

Way to make a head start.