Either way it's important to find an attorney and get active on this so you can surf the wave rather than continue to be hit by it.In general it's been my experience most people that go through the trouble (read "time, money and back ground checks and CPE") to attain/maintain any credential or license are keen not to have it revoked due to ethics violations, acts of moral turpitude, criminal convictions, as that can have a permanent deleterious affect on their future career prospects. 

However, I'm wondering what kind of numbers are attainable in terms of ROI metrics in a market like Ontario.As an example, The Book on Rental Properties (TBORP from here on out lol), when talking about Cash-on-Cash ROI, says that 6.7% would be considered below average and potentially not worth looking at.

You can also create "dummy" adds on craigs list to see if the price point you are advertising for rent will actually be attainable, you can base your vacancy based on that and the type of tenant you may obtain. 

@Corinne Squires there are discussions/arguments about whether the 2% rule is attainable, or should be 1% or whatever.

If you are investing in an area where those numbers can be attained go for it!

Does anyone know if I am able to still attain an equity line on this property since I will still be the owner?

With 10K in savings, an attainable goal might be to get an FHA loan on a single-family home and still house-hack by renting additional rooms to others (if you're comfortable with having roommates).

I'm not sure I'd be waiting but I would very much be sure my strategy does not rely on huge NOI gains to attain an estimated exit cap rate to make the deal work.

Raw Data and learning how to attain it, process it, and then evaluate it and use it by yourself is the only way to become a successful investor and that is the answer to this item. 

Can you attain it with $50K in Reno?