new houses are getting sold for 600K, old houses switched to multiple offer selling model, just like some places in GTA.

I missed a lot of flaws in that house and I had some painful years as a result.  

Always use a property manager to keep your real estate investments as passive as possible and keep you compliant with Fair Housing laws.This way you can learn to manage the property manager and learn from experience as you go.If you buy a bunch of properties all at once, they may not all fit your buying criteria, there may be deferred maintenance that needs to be dealt with all at the same time, and you will not have accumulated the management experience building your portfolio one at a time.To Your Success!

Option 3: Pay large down-payment on modest rent ready house. 

We currently still have the AK condo rented out and have bought a house in Phoenix that we are currently are fixing up. 

Whether you’re considering house hacking, turnkey, or multifamily, there’s so much opportunity to explore.Feel free to reach out if you’d like to connect or bounce around ideas.

Your time is worth money, it's time that guests aren't renting your house. 

My plan is to start house hacking.

Quote from @Vid Vin: Was the house really for 2000 dollars?

Purchase price: $110,000 Cash invested: $45,000 Recently purchased my first house to use as a primary residence, currently I am renovating the kitchen and adding a full bathroom to the first floor.