I also like contractors that have packets that allow you to pick out the stuff that you want to use for that project, which reduces the quality control process..

If you think you can find a higher quality tenant, then that is a different conversation entirely. 

Even still, it could be said that I've still lost money due to my time on the tools instead of prospecting as a real estate agent (the cost of lost opportunity).If you can truly do 80%-90% of the work yourself (at acceptable quality levels) and you aren't sacrificing your time where you can get better returns for your efforts, then yes, it can work even up here in Canada.

By focusing on effective time management, clear communication, building your network, and implementing a solid marketing strategy, you’ll be better prepared to navigate the ups and downs of the real estate industry.

@James Wise MICHIGAN UPDATE: new law went into effect January 2, that landlords can no longer discriminate on tenant income source.

If it won't have any effect then don't do it. 

If you scour Craigslist, FB Marketplace or OfferUP, you will find some amazing deals on quality USA made furniture for pennies on the dollar.

The deal is risky unless you know the market well, have experience executing this strategy, and have accounted for the quality of the asset and tenant. 

I am seeing a trend in CA that ADU construction is more cost effective (per unit) than buying on the market by a long shot.

I decided to take a lower CoCr for stable, high quality tenants and have zero regrets.