Acquiring an income earning property with high potential for appreciation for less than $20k out of pocket?  

Waiting for rates to decrease might not only lead to missed opportunities in acquiring a duplex but could also delay equity accumulation.

It has been challenging to acquire more properties but do you have any advice of areas you think I should focus on in Toronto or general acquisition strategies that work right now as an investor in Toronto or GTA . 

Are you saying, you acquired the property in cash and funded the rehab with cash?  

To further expand my real estate endeavors, I acquired another condo near the strip, implementing a house hacking strategy to optimize the use of space.

Grow your demand, then acquire more.

@Tatiana LitvinenkoHere are some additional considerations in comparing a Solo 401k vs SEP IRA:Solo 401k vs Self-directed IRA:A Solo 401k has several advantages as compared to a Self-Directed IRA including the following which specifically apply to your situation:Unlike a Self-directed IRA, you can have the account for the Solo 401k at a bank or brokerage that does not charge maintenance fees and where you will have checkbook control.Unlike a Self-directed IRA, if you use leverage (which must be non-recourse financing in either case) to acquire real estate with your Solo 401k the income will not be subject to Unrelated Debt Finance Income taxUnlike an IRA, you can take a 401k loan from a Solo 401k.

Even better...you can't take bonus depreciation on your newly acquired asset to help offset gain since it was acquired from a related party.There is a way to effectively transfer out the future appreciation, but your historical appreciation is stuck in the Corporation - you can't get that out without triggering that gain. 

I am ready to start acquiring turnkey properties with long-term rentals in mind and am currently seeking recommendations for reputable turnkey providers across various areas in Florida.

Every new tenant they acquire you will pay a half month to full month of rent in addition to your management fee.