You'll need to run a proforma to figure out where these shake out for you!

Quote from @Jaycee Greene: How are you going to figure out how much work a property needs from out of state? 

Almost $10k for something a person could probably figure out themselves......?

There is risk with every single strategy--- but there are also people who figure out how to make it work really well.

You’ll have to adjust my US numbers to figure out how it works in Canada.

We are having trouble figuring out which deals we should tackle first but are prioritizing wholesale to build capital.

Because the sump wasn't running and there was a foundation issue we knew about and had figured in. 3 days later the water was up to 8 inches.

I figure the upside to the rental scenario is, of course, investing in multiple properties, while a downside would be having to most likely get a conventional loan on the second house with 20+% down and proof of sufficient enough financial reserves to handle two mortgages. 

At this point I'm trying to figure if I should try to bring in an experienced partner to de-risk this build out or scrap the plan altogether and sell. 

A lot of loans require that you already own the land outright before they will provide funding but there are tons of different options.Once you have the funding piece figured out, I would discuss with a builder and try to price it out.