I have not seen too much opportunity for a rental, or flip, from what I see listed, but would not mind meeting with you and discussing flipping/rental.

Love real estate and went to a real estate meeting last Friday in Morehead, NC.

Messing around with 20 vs. 25 year amortization schedules can really impact cash-flow.

When I first purchase a property, if the existing water heater is at least 10 years old, I replace it because I don't know how much maintenance has been done to it by the previous owner plus I can then start over with a new one on my own maintenance schedule.

Thank you and nice to digitally meet you all!

Here are some good places to start:http://www.biggerpockets.com/meet - find and connect with other BP members that are in your area.http://www.biggerpockets.com/alerts - Set up keyword alerts to be notified of the topics that interest you.And, of course thehttp://www.biggerpockets.com/forums - ask any question about real estate!

Worst case scenario, move into the next house when you are done meeting the FHA loan requirements for your first house by getting a conventional loan in the 5-10% area...just make sure you have strong reserves for your first property. 

From what you quoted, the two basic requirements are legal or equitable interest as lessee, and liable for payment of property taxes.If you have the tax bills sent to them, they pay it, it only meets one of the above requirements.

@Robert FreebornIf you would like, I can get you a meeting with the CEO for Ben Kinney's team to discuss if that is the right place for you?

If there are individuals in Alberta that I could meet with to learn the way, it would be greatly appreciated.