As long as you like your job and/or industry and could do it for the next 15 years, what you are doing would work perfect for your plan.As you gain experience, maybe you can move into more units per purchase or start to BRRRR.

He is specifically interested in knowing what specific time/administrative labor investments come with being a "passive" investor.1.

A recent change in Canada is the increase in capital gains tax inclusion (increase from 50% to 66.67% on June 25, 2024).

I’m interested in investing in more real estate to have long term and short term rentals for passive income.

The top 1% gained about $15 Trillion in net worth in the same time.

This will allow you to indefinitely defer the depreciation recapture of the enhanced depreciation and the tax on gain from the sale. 

Either way, would I be taxed at the normal capital gains rate (for me it’s 15%) for each share that sells?

@Greg CobbThis appears to be some sort of knock off of my company with a poor attempt to gain some traction from our marketing campaigns by using a similar name. 

You have to pay capital gains regardless of whether you had a mortgage once you sell unless you do a 1031 exchange in which case the process starts itself over and you don't have to pay capital gains tax unless you sell and don't 1031. 

Investment Info:

Townhouse fix & flip investment.

Purchase price: $115,000

Cash invested: $35,000

Sale price: $240,000

Move in ready, fully renovated townhouse, 2 bedrooms with 2 1/2 bathroom...