Since rent range is pulling from property managers the data is cleaner, because so many self managed property investors market their property way too expensive and they will never get that rent, it is just hopes and dreams.

In those cases, you have to go through the courts to get possession back.

Even still, it could be said that I've still lost money due to my time on the tools instead of prospecting as a real estate agent (the cost of lost opportunity).If you can truly do 80%-90% of the work yourself (at acceptable quality levels) and you aren't sacrificing your time where you can get better returns for your efforts, then yes, it can work even up here in Canada.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Don’t forget. 2024 rent cap was 8.9% so you may never get “market rent”.

Hoping to get an abatement.

The capital gain may be eaten up by those with a 10% pref, and you get nothing else. 

So for example, let's say a friend of mine wants to get involved in real estate but doesn't have the time, knowledge, experience, or resources to do it very well.

Steps: you go under contact with the owner of the property, you assign the purchase and sale agreement to the end buyer, the end buyer closes, and you get paid the difference between the agreed-upon price between you and the owner and the intended purchase price of the end buyer. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.