@Nirbhik Modi I like to answer this question using data, and I have built a system to do automatically identify areas that have the highest rental returns at the lowest risk.My team built a system to model rents using machine learning based on comps, location, and local economic strength.

Please consider adding bench strength behind you. 

The commercial departments of the big banks are usually not interested in deals less than $1M (or even $2M) - around here a 7-unit is not going to pierce that threshold, though it may in Ontario.You will be looking at a downpayment of 25-35% depending upon the strength of the deal.  

Analyze what your strengths are and what you'd be able to do well and efficiently and also figure out what aspects of the renovation you won't be able to do.

*Rudeness is a weak imitation of Strength*[LINK REMOVED]

So look at the strength of your local rental market and vacancy rates in the immediate area.Also, you'll be hard pressed to find a $15k house that's rent ready, so your investment will probably be higher.

The centuries find me younger, increasing in strength.

I have no cash reserves to speak of, whoever would lend would be looking at the strength of the deal itself not me or my credit which is not in good shape either.

Numberous reasons can cause the rates to change from week to week.I'd like to add a point to strength my 5% argument.

Does anyone see the USD gaining strength against RMB in the near future?