@Elizabeth Taras I cannot comment on the tax perspective here; however, I'd say buy a lower priced small MFR to get your feet wet where you can force value.

Courts are extremely friendly to tenants, give them numerous extensions, and bend over backwards to help them, so it's not uncommon to hear stories of tenants living for 6-12 months in an apartment without paying rent.  

Not an investor yet, but I am most certainly looking to get my feet wet.

Numerous lawsuits resulted with charges of fraud3.

There is no sub-floor and due to a leak they were exposed to a wet crawl space. 

Two furnaces, two hot water tanks, etc. if it’s your first property, I personally think taking an “easy” property would be a good way to get your feet wet in the investment world as a trial.

After getting my feet wet with one, I should've pivoted, but nope – I went on to buy 11 of these turnkey.

However, multifamily properties may offer more considerable long-term rewards if you're ready to take on the challenges of maintaining numerous units and are interested in gradually creating a larger revenue stream.The optimal decision ultimately comes down to your own investment objectives, risk tolerance, managerial skills, and the particular market dynamics of the regions you're thinking about.

Hey Michael, honestly I’m just getting my feet wet and combing through different listings just to find a deal.

I brought up numerous times my concern for the rates going up and actually told him I would want to wait to get an investment property because I KNEW what Canada was in for.