Trying to get two apartment complexes at once?

[Yousef Reda]

Looking at getting two apartment complexes. One in Ontario and one in Manitoba. The Ontario one is a delabitated property and the Winnipeg one is pretty much turn key that needs a bit of lipstick. 

Ontario property:
6 unit + 1 commercial -> Plan to convert to 12 unit residential 
B- C class area 

Estimated renovation cost ~ 300 K
Monthly income 12400$ and expenses 9779.98$ (Includes cap ex, repairs, maintenance) 

Cash flow prob around 2200 -4500$/month
Buying at cap rate of 8.57% and market cap rate typically 5-6%

Purchase price: Only 700 K 
After repair value at a cap rate of 6% should be around 1.5 Million
Cash needed $452,000 ( I have one investor who will come in with me at 128 K where I would cover the remainder of the cost) 

Manitoba property
14 units all 2 bedrooms
c class area 
Estimated renovations around 60,000$
Issue here is rent control in Manitoba have to jump through a lot of hoops to get around it 
Monthly income 16966$, monthly expenses 11172.89(Includes cap ex, repairs, and PM) 
Cash flow probably around 5800$-6600$ depending on few variable factors
Buying at a cap rate of 10.85% and the cap rate of this area is about 8%. 

Purchase price 1.2 million 
Cash needed $410,000 
Post repair value: 1.6 million dollars

I only have enough liquid cash to buy one of these. The other property I would be able to get from secured line of credit from my properties.

My question is has ANYONE ever baught 2 apartment complexes at the same time and if so is it feasible?. My mother would be helping me manage the Ontario one while I work on the Manitoba one. Secondly is it wise to use only credit to purchase my Manitoba property as it is in theory cash flowing well and hence can take the extra cost from a line of credit for the down payment? 

Anyones advice. I would like to hear from people who actually have done apartment complexes please. THANK YOU !