Beware when reading that the Canadian/Ontario real estate/financial environment here is nothing like that in the US.

In the current lending environment you may be able to find a non-conventional lender that will let you get away with a 10-15% down payment, but expect to pay for that in interest rate (upwards of 7%+)No matter what though nothing is impossible no matter what anyone here tells you.

Not everybody wants to live in highly urban environment where most of these units are,   and a lot of people who are living in those units already are doing so because they moved to the area recently for a job,   and/or could not find anything else close in.   

To me that makes sense in a competitive environment, that someone as inexperienced as myself would have a tough time finding a cash flowing gem.I like the point you made about how you make sure negative cash flow is less or equal too what I would pay in rent.

It made me very happy.I see myself teaching in a non traditional environment at some point in the future or having a shop where people bring things to fix things (preferably teaching them how to fix things). 

I am moving most of my money into more conservative investments in the economical environment we are in.

Considering the current economic environment, real estate market, and international tariffs... is now a good time to buy a rental property?

With regards to flipping, I think competition (as @Ethan Henning hit on) is going to be way more a factor than taxes in the current market environment.  

I figured take the month and make sure she’s in a safe environment and then see what happens. $100/month is what I was thinking as well.

I do think that it is a good deal in the current environment, especially considering that the property is close to a university where enrollment is growing at double digits.