Hello everyone!! A couple of friends and I are getting serious about getting together and investing in some rental property in Montreal, does anyone know of a resource that would guide us through our first purchase???

You should go to the CHMC web site as it is full of great information. This link will take you to the right place http://www.cmhc-schl.gc.ca/en/co/.

Talk to a Realtor in Montreal.

I have a fairly comprehensive package that explains the entire buying process for first time buyers and I would be happy to email it to you or your friends.
My blog http://kwarearealestate.blogspot.com/ also has tons of free advice for first time home buyers on how to choose a Realtor, buy a home, prepare for a move, etc.
Please feel free to contact me at rebecca.sargent@century21.ca. I would be happy to refer you to one of my associates in Montreal if you need help finding an agent.
Hope to hear from you soon,

Rebecca Sargent
Sales Representative, Century 21 Home Realty Inc.
Direct: 519-591-4299
Email: rebecca.sargent@century21.ca
website: www.century21.ca/rebecca.sargent