This would leave me with a mortgage that I'd request Aunt K to assist fulfill completely to be a wash until she's ready to move out.

If it gets to that point the review can be as simple as saying "we were disappointed not to have heard back from "x" when it was time to fulfill her claim to cover the damages that occurred during her stay"Happy hosting!

I still do not have enough balance to pay the down-payment (consider the fact that the houses are so expensive in Canada); however, I want to fulfill my knowledge before I am ready. 

.) - I would approach the one you think would be the most amenable to having their mailing address used as a local contact.Alternatively, if you live close enough to the property where you fulfill these roles, I would appeal to the appropriate authorities with your situation, and explain to them that you understand the intent of that restriction, and that you fully intend to bear that responsibility even though your address is on the other side of a line some dude drew on a map many decades ago.A final "hail mary" might be that you set up a "Mailboxes Etc." post box or something similar. 

. $25k is a good number.Across the lake, here In Metro Detroit we see canadians having success with low risk, high roi deals such as below.Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.

What percentage of signed leases fulfill their full term?

We nearly had the Seller walk out and decide to list it because of the lack of communication with the lender and not fulfilling the agreed upon dates\Lesson learned...

So what to do with money or what to do in real estate is an easy problem, however, what you want or what will make you fulfilled in a few years or what you won't regret doing/trying is the right question to ask.Anyhow, enough of me being philosophical, now to your question:If you are not very risk-tolerant, I say cash-flowy turn-key properties, recently repaired and fixed is the way to go to make good passive income.

The price/rent ratios are unbeatable is solid blue collar locations.My personal rental portfolio is here and cash flows extremely well and is low maintenance.Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.

Things happened where Renter A had to cancel his early termination and now needs to finish his lease so I notified renter B that I cant fulfill their contract and I gave them a full refund of their deposit.