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.

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.

@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. 

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

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.

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.

Half its value relative to what currency exactly?

The average age of first time buyers now is 56 years old. 

I have two friends who own rental properties and they are successful with their properties, I read Rich Dad Poor Dad twice along with Rental Property Investing and Power of Habit, I've been told by multiple people apart of the Baby Boomer and Generation X that they wish they invested in Real Estate at my age, I was a Resident Advisor at my University and I enjoyed that role so some of the skills are transferrable, and lastly this is the best time for me to take a risk.

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