If this same conversation took place in a growing economy, rather than in the stagnating,  to maybe growing one we are in, my worst case would be less severe.  

Jump in on conversations that have to do with your local market. 4.

Explain your situation and that your a brand new investor, majority of other investors are happy to share some advice, even some connection.And secondly, share the fact that your a real estate investor with EVERYONE you meet, you will be amazing how many other investors and connection you will build simply from a small conversation.

Door knocking is sooo under utilized and typically has a higher conversion rate than mailers for agents.

You will also be amazed from your conversation with the bank how many people don't submit a business plan let alone understand how much one can help get a loan. 

Also note that whether you have an LLC or a corporation or an "s-elected" LLC or an “s-corporation” … your company can be, in casual conversation, be referred to as a “company” or “corporation”… So, you may hear someone ask you for a “corporate resolution” in conjunction with your LLC.Also, a corporation or an LLC can have a “Resolution”, whether it has an "s election" OR NOT!!!!

"So apparently, the owners converted their 2 car garage into a Living area.This property therefore ( per FHA guidelines ) is not Insured .Is there a way around this " Illegal " garage conversion ?

Dont know WHAT your looking for but as a first timer,,,I would avoid 'conversions'   Thats a house, generally old, that was coverted from 1 family to 2 3 or 4 family. 

Tom, I'm glad that you stepped into this conversation for Nanaimo as I know enough to be dangerous!

I reviewed my notes of our conversation back in July and at that time you told me that you already had a truly self-directed plan established.