I wholesale some properties, and others make sense to take down as rentals.

See properties sitting on the market for a long time, every market is different, my market anything over 30 days is a long time.

The vast majority of your wealth gain in real estate will be by holding properties long term and the appreciation/principal paydown will slowly but surely help you become wealthy.For 90% plus of people out there who are looking to start, house hacking is the best way to go.

But from my standpoint, it sounds like a good problem to have - as I sit here with my two properties. ;) 

In your opinion what do you think is the best property to start with?

Hi Carlos,Within my 20 years of experience, one of my proudest wins recenlty was helping a client who couldn’t get approved for financing because their property had two ADUs (Accessory Dwelling Units).

I wonder with Canadian economy struggling if there is potential to purchase distressed properties that could be converted into long-term rentals or successful AirBnbs (especially in the cabin markets that have been hit hard).

For example, I have a CFO client that decided to "scale" after owning 15 SFRs and doing property management for 100 doors owned by out-of-town investors.

I might buy 1 property that has cash flow, another that has a great purchase price, another that has great appreciation prospects and yet another with great financing terms. 

Quote from @Kyle Schreur: There's more detail in my book, but here's a taste.HOW TO SHARE UTILITIES 101You have a property with two or more units and the utility meters are shared.