I live in Brampton ON and am relatively new to Real-Estate but willing to work hard, so looking to connect with Greater Toronto Area (GTA) specific meet-up groups and learning material to take my passion in real-estate further.

@JD Martin the biggest issues have been related to furnaces, hot water, a missed clean, and broken hot tub. generous refunds have ranged from 25-100%, it really just depends on variables like nightly rate, guest demeanor, impact on their stay, etc. 

From what I see on the market, houses are cheaper than most areas in the GTA while rent is still relatively high.Especially if you can find a SFR and convert the basement into a secondary suite, will definitely cashflow positive.

Account ClosedI received the Engineering Report, ultimately once it cleaned out will be able to better see what i'm working with as it relates to the flooring.

Many investors see no "hard line" on age as long as there’s strong cash flow and maintenance is manageable, but ensuring you’re prepared for any age-related quirks is essential.

It’s relatively simple and, while it does cost money, it’s one of the more cost-effective options.

With your background as a physician, you’re in a strong position to get into long-term rentals and even the storage space, both of which offer steady income and relatively low maintenance.

However, there was no formal agreement or contract between us regarding the ownership or any financial details related to the property.

As far as owning a real estate related business, residential assisted living is hands down the highest and best use of a residential home, especially since you can achieve financial independence from one home. 

It's a relatively small town and a lot of us run into each other as we do business.