Thanks everyone for the responses so far! LIke I said, still in the research and education phase so every little piece of advice helps. Hoping to get one property at some point this year depending on prices and interest rates.
@Anna Belov, if there are any upcoming meetups you know of in the GTA (preferably in the northern end), I'd love to hear of them. I actually work in North York myself (Leslie/York Mills area).
@Omar Khan thanks for the advice! I'll have to look more into the pooled money vehicle you mentioned, it sounds new to me. I had thought briefly of investing south of the border but you're right it sounds like there are a lot of tax and legal implications there which no one really tends to tell you. I'll stick to Ontario for the time being.
@Thomas S. good advice as well. I'm aware of the standard lease we have to use here in Ontario and the rules around LTB. Although I haven't done any rentals yet, I would agree that tenant selection is probably the most crucial step here. It seems 99% of the horror stories I hear from people trying to discourage the move into REI revolves around horrible tenants....don't want to prove those people right!
