Quote from @Ven Bud: After hearing to lot of bp episodes on negative cash flow, I have a question.I am currently living in my primary residence and planning to purchase an investment property, and obviously it is going to be a negative cashflow (bay area), but I am of the opinion that as long as the rent on the investment property is atleast going to be greater than my current primary residence mortgage it can still considered as positive cash flow investment.The investment property is going to be in a much better location (for office commute, bay area proximity) than my primary residence.

I recently purchased 2 vacant lots in KS.

This is great when purchasing from a family member if they are willing to consider a discount. 

I just purchased a duplex and it is listed under a single address.

These properties were purchased for investment only purposes (they are not second homes/duplex’s etc).

.: My first investment property happens to be my first home purchase, so my questions are hopefully basic for anyone experienced here.

It has two units, but the house is only a legal one family, looking to possibly purchase it and live in one of the units and rent out the other, one as a Airbnb or just as a regular rental would need to get some kind of financing to make this purchase by being only a legal one family a conventional mortgage I think would be out of the question.

I wonder with Canadian economy struggling if there is potential to purchase distressed properties that could be converted into long-term rentals or successful AirBnbs (especially in the cabin markets that have been hit hard).

I'm looking at purchasing a motel that was converted to 10 long term rentals.

@Jason Khoury I purchased my current residence, a duplex, from a local non-profit about 5 years ago.