@Joseph HammelI wanted to avoid going too deep down this foxhole, but it seems unavoidable now.A lot of that is due to confusing use of terminology.

What are other options to buy and hold while recycling my cash and not getting too deep on negative cash flow?

April BirdsongNew investor late to the game… but never too late when there is still breath. 

You will have to buy at a very deep discount since your rate will be very high.I follow that guy as well, and it does look like he does good work. 

Do you want to spend your time on the day to day management of a property or be deep in the weeds of project managing a renovation or do you prefer to be more hands off?

I can't speak from experience, but--if you haven't done so already--perhaps consider diving deep into for-rent postings on Craigslist, Apartments.com, Trulia, Hotpads, and other similar sites.

Eat Breakfast at Cafe Brasil in Deep Ellum, lunch at someplace in downtown Denison, stop for coffee at Sandwich Hag in the Cedars (Dallas) and then have dinner at Lockhart BBQ in Bishop Arts. 

If you have a property you feel is distressed, then dive deep into the local courthouse records to learn more (assuming that's public info in Montreal), then go out to the place yourself.

Deep sleep and REM sleep are both important.2.

https://www.zillow.com/homedetails/2830-Deep-River-Rd-Sanfor...