Second, identify the type of tenant you'd like to rent to that will be commensurate to that life (ex. responsible graduate students). 

I went to Glenelg HS with him and graduated in 1986

I was there this past April for my MBA graduation.

That will pretty significantly reduce the net taxable income amount.The net taxable income is then run through the trust tax table, which actually tops out at 37%, but on a graduated scale.Your vague "profit" number makes it impossible to provide an accurate representation in this scenario, but I suspect the net taxable amount would be considerably less than how you are evaluating this.

Since I have been a student for the last 16 years and just recently graduated, I don't yet have a full time career in place meaning my income is subpar as I work towards receiving my Ontario Real Estate License.

-CraigI have struggled with the same question: somehow there seems to be the expectation to "graduate" the bigger properties and go commercial. 

As mentioned above, the University provides a lot of different types of renters like grad students, recent graduates, professors, health professionals and stuff.

You also might be able to do AirBnB sometimes with the graduations.

After graduating in 2019 with.

There are serious students at SU and graduate students, but I don't know where they normal live...maybe out in the suburbs.