If the markets perform as predicted, the initial poor cash flow market will benefit from higher increasing rents and eventually have better cash flow than the market that had the initial better cash flow, but was expected to have less rent appreciation.In your local market it is easier to build and maintain your team, you have local first hand RE market knowledge, and you can more easily perform heroics if it is ever necessary.I recommend you take a second and third look at your local market. 

It may make sense for both of you to buy your 1st place under your own name to take advantage of the tax benefits while using the 5% primary residence and RRSP FTHB, and HELOC.

Just thinking of all the benefits of living rent-free and having a rental property sounds like a dream to most, so I had to take advantage.

Send me a colleague request, I would like to share some things with you that I believe will benefit you.

Some markets will cash flow and not appreciate, some will appreciate and not cash flow, and some will have both benefits. 

One party wants a tax credit and the other can provide a deal that offers tax credits, so they structure a syndication to meet that need so that one party receives tax credit benefits and the other is compensated for them. 

If it only cash flows $300 per month ($3,600 per year) with a mortgage then it returned 18% compared to the $20k cash investment.If you purchased the property in cash, you don't benefit from mortgage pay down. 

Would love to hear how different investors run their cost benefit analysis.

What are the tax benefits/consequences of having a negative cashflow property?  

An investor's goal is to get the highest possible value to benefit the investor.