Update: After 3 years of owning this property I decided to sell it, through forced appreciation and a natural boom in the Ontario housing market was able to sell for $424,000 and walk away with a $200K Profit (Tax-free due to principal residence).

While there is a good bit of discussion here on the BP forums, not all of it is comprehensive or even accurate... the nature of web forums. 

Its my nature to take on some risks but being a newbie it seems like playing it safe to start "makes sense".

Well Cape Cod has NEW ROOF and Windows for plenty of natural light in addition to recessed lighting.

Well Cape Cod has NEW ROOF and Windows for plenty of natural light in addition to recessed lighting.

This Cape Cod has beautiful windows for plenty of natural light in addition to recessed lighting.

His employer doesn't offer a 401k or anything of that nature, so we decided to go 100% real estate for now. 

One suicide, one fell and hit her head on a case of canned cat food and bled to death, and one died of natural causes.Your application and/or lease agreement should have contact information of someone authorized to remove their belongings in the case of death or incarceration (this has happened).

Also, natural disasters seem to be the other theme of the past few years.

Placed on a roughly two acre lot on the corner of Peachy and North Lake Rd, the home offers great views of the nature around.