Investing in Rental Properties Kitchener Waterloo

[Michael Stuck]

Hello, I have only very recently become interested in real estate investing. I discovered it through the bigger pockets podcast and have since been trying to learn as much as I can. I have become interested in investing in investing in real estate properties. I watched a webinar last night with bigger pockets explaining how to analyze potential rental properties. From all the cases I have heard about in podcasts and in the webinar the rental properties seem to be extremely cheap like only a couple hundred thousand. I live in Kitchener Waterloo, Ontario where the average price for a single family home is something like $600,000. My question is how possible is it to invest in rental properties in a market like this and still find good cash on cash return on investment? Any information would be useful, thanks.