As has been explained to you before we have a very extensive application process for ALL tenants.

I need suggestions on what i should do in this time to utilize it 100%, how can i know more about Canada Real estate market, how to know how much would i need to invest in my first property etc, what i should read first and where i should startThank You in advance for help!!

It’s other factors that are going to affect your score, like age of credit history, credit utilization, etc.  

The existing rental agreement specifies that the tenant is responsible for all their own utility usage bills (I pay water for the building, as is typical).

I live in RTP as well and had that problem a while back.There are various strategies you can utilize, but which one is the best, will depend on your goals (short or long term).

I was told I could utilize this same strategy once I have lived in the property for a year, move out and purchase another property with owner occupied financing.

One thing that has given me trouble is dealing with utilities.

If so most of those lenders which will be the same lenders you would utilize for financing your personal home cannot lend to a LLC rather to an individual.  

They want a property that needs work, but not necessarily one with extensive damages.

They want a property that needs work, but not necessarily one with extensive damages.