It provides additional liability protection beyond standard property insurance, which can protect your personal assets if the LLC's assets aren't sufficient.This post does not create a CPA-Client relationship.

In addition even with a lower down payment you should be paying significantly less per month even with PMI then you would if you moved into a single family house that you where fronting the entire bill for.

Consider offering the tenant additional support, such as help finding a new place to live or arranging for movers.

In addition to Realtor.ca (ICX.ca, MLS.ca), you can also search Kijiji for the city/region in which you are interested,

Can you handle all that if you have to eat from those profits?

Additionally, strong financial acumen and negotiation skills are crucial.

I would like to believe it was inadvertent and not purposeful as an additional negative reference!

Expenses can eat up profits in less expensive areas. 

Most chase the money and shrug off the lower risk proposition that will allow them to eat well for a few years.

So any additional exceptions, whether for purchase price or even total loan amount, would be more likely if you can show a healthy SREO.