If passive income is key, renting the condo or reinvesting in a property portfolio could be solid options.

Focus on what the rents will look like post-renovation with 4 units instead of 2, and have a clear game plan for refinancing to pull your capital back out. 

If you are looking to be an investor then I would suggest you don't be an agent that is a poor mans game and it will make it way more difficult to find deals. 

So, I'd like to get ahead of the game and start working up a plan and a strong argument for it which I can use when the time comes. 

I own over fifty units here, and overall, I've been happy with my portfolio.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

The modest cash flow could be reinvested, eventually allowing me to build a portfolio of income-generating properties.I recognize your point about needing $2.5M–$3M in cash to consistently replace a six-figure income.

They ended up with a portfolio of $200,000,000 in notes of which $800,000 was performing.   

We're in the process of liquidating our Ontario portfolio, which consists of four properties.