Personally if I were prepared to venture beyond my neighbourhood I would be looking where landlords have some rights and the properties are far more affordable than Ontario generally is.If you could invest anywhere and you were a paraplegic strapped to a gurney (meaning you do not care where it is) why would Ontario be your first choice. 

I must admit, its a bit disheartening to hear all of you much more experienced BP members lend this advice as I am probably not as strapped as the OP but am basically in the same boat(although he does have more savings then me currently).I've been under the impression that one can get into this game while not having a lot of capital or a crazy amount of savings?

Have to finish spreading more grass mat.  

The worst situation to be in is a cash-strapped, stressed out house hacker without the funds to repair/maintain an old home, especially if something bad happens (say the roof develops a leak and you need to shell out 10 to 15 grand for a new roof). 

@Steven M. At

Are people so cash-strapped that they can not afford $40?

You'll be strapped. 

There's no point in waiting to pay it down, as long as you won't leave yourself strapped for cash.  

It would be a disaster if that was my only rental and I was already strapped for cash.  

You can also look up two of the partners, Mark Kohler and Mat Sorensen.