Of course want better close rate but when those numbers I would be ok with 

I often make the mistake of thinking the grass looks greener on the other side of the fence when going through the forums.

Self-managing from out of state has been doable, but the challenges have added up, and I’ve realized I’ve missed things that could have been avoided with closer oversight.If you’re just starting and don’t already have a strong local network, I’d advise against self-management from out of state.

Meaning, if you find something similar/somewhere else (in another market) closer to $300k, you'd be interested.

The affordablity metric of Canadian RE works as follow: the closer your are to centres like Toronto, Vancouver, Montreal, the more expensive the property will be and t gets pricier, in the eye of those epicentres. 

i also wouldn't rule out markets that are closer to you, even if they have a slightly higher price point. 

As we push closer to the mean, and revert back with some dropback I'd say it's the top 8-10% towards the end of this decade that can invest. 

I would love to invest closer to where I live in Los Angeles, but it's so hard to find good cash flowing properties under 200k.

Eastmoor and whitehall are good too because of newer home ages after 1940 where you don't have knob and tube wiring and some of the other issues. don't be afraid to look at new construction or ground up new builds closer to downtown. rentals are overpriced in these areas but build costs are low and it can be a good strategy 

I agree with the closer to the metro the more expensive a property is, but also provides more opportunity.