Ontario Rental Property Investment

[Jonas Bousquet]

Hi ya'll, 

I'm currently in search of a rental property investment in Ontario, more specifically in a 2-3 hour radius of York Region.  I have been analyzing properties and learning on my own to prep for this investment. I am having trouble finding properties that have a positive cash flow, mainly d/t these interest rates and home prices. Mainly looking for a duplex or triplex, that may need some work (not a full renovation). I would even be willing to have a property that breaks even each month, as it seems almost impossible to have a positive cash flow. Feeling a little discouraged here and wondering if anybody has some thoughts or tips for me. Thanks ! My current buying power seems to be around $450-600k and I have a DP of 50k. This will be my 'primary residence...' so obtaining a  5-10% DP is what I'm aiming for.