My business partner has quite a few co-workers who have several rental properties and they have encouraged us to look into rental properties.

If you don't have an asset management strategy, I would encourage you to read the book called "Traction" by Gino Wickman.

I would encourage you to assemble the docs from this site-application forms, leases etc.

Thanks everyone for the encouragement and advice.

@Alex Deacon Alex thanks so much for the encouragement.

@Dan Bryskin, thanks for the encouragements.

I encourage you to reprogram your thoughts first, then you will be able to see the other  possibilities as I do now.

Know your resale value before you step into any purchase and make sure it will cover your expenses - including realtor fees, property transfer taxes, etc if you'll be selling it in a year or two - and then include the profit you intend to make too.I'd also encourage you to research mortgages from an investor's point of view. 

Most of the time the responses I have read here on BP are respectful, encouraging and truly helpful.

I hope this post encourages other people to work and in pursuing your goals.