US Citizens Investing in Residential Rentals?

[Melissa Brookes]

Hi all!

My husband and I are starting out on our long-term plan to relocate to Montreal in a few years. Since the dollar is so strong now, we figure it's a good time to perhaps invest in a property and generate some rental income, with the ultimate goal being to either keep it as a cash cow (if it proves to be rather profitable), or perhaps even move into it when we move. Are there any Americans here who have experience renting out Quebecois/ Montreal residential property who can share words of wisdom?

Thanks in advance!