These are healthy concerns in my eyes and i do weigh them in my investment strategy. 

We file jointly.

The market is so healthy we don't have a lot of distressed sellers, so it's hard to get properties under value enough to make money after rehab.

I Googled Capital gains and am reading that if I am married and filing jointly and make less than $78,750 income that my tax liabilty on gains is 0%.For real?

I have been hearing a lot about markets such as San Antonio, Kansas City or Indianapolis as good markets to get started given the healthy local economy (economic and demographic trends, housing inventory, rental demand) and also the good supply of real estate agents, contractors and property managers.

I checked the kijiji, it sound like full house can go for 2400/month in Burlington, without basement will go for less . check my analysis here , even with 3900 monthly income  it only do $35/month cache-flow. with any mistake and you are in negative . only doing that to prove how hard is to get healthy cache flow in Ontario with current house prices .

@Trisha Brown the market here is robust, healthy, and growing both in supply and high demand from people like yourself wanting to relocate here. 

Hey Jimmy, you can possibly do a joint venture contract with the seller to write up the terms.

The landlord, however, insists on a joint lease instead of individual leases.Does anyone have any well written contracts/documents that I could sign separately with the other roommate?

I need to practice a healthy ego and recognize that no amount of book knowledge can equal actual experience.