If they end up in a nursing home (anyone could) their assets will be evaluated for state assistance, they get caught with an asset valued higher than the can dump it for and end up paying the difference, so, they are screwed again.  

Welcome to biggerpocketsRemain active to network with RE professionals to assist you when wholesaling.There is a lot to learn in that field toosee you in the forums

Always available to answer any questions and assist along the way.

@Bryan Hancock  I have done a few PPM's over the years and boy they are a ton of work if your just doing little ones IE 1 mil and under and just try to get a CPA to give you a full audit it can be like pulling teeth to get that done.Just seems like a ton of work to me.. but then again I am an old dog.. so everything internet related and tech related seems hard...

Get their opinion of what that property is worth.Then possibly check the internet, Realtor, Zillow.com.

Thank you for helping me realize the possibility.I thank each of you gentlemen for taking time out of busy schedule to assist me.Anthony

As far as a partner, I have not entertained it - however, I am exploring the possibility of private financing which will assist in substantial upgrades/repairs and account for initial vacancy. 

Hi @Manuel Perez, I'm a RE attorney in Denver, and I'd be happy to assist with your contracts.  

I would invest the upfront effort in self-education (there are a variety of books which will provide you a good primer on real estate in Canada and you have already found one of the more useful sites on the Internet).Once you know which area(s) of real estate investing are of interest to you, look for a local real estate investors association or meeting in Winnipeg and attend an event or two.  

The reason I ask is that, I've read and seen podcasts here on BP whereby the landlord/seller either gets the tenant/buyer to pay for all repairs or will pay for repairs up to a certain capital value and then over that figure, repairs are the responsibility of the tenant.Any further advice would be most helpful, thank you for your assistance.