Finding such deals in the GTA (and Canada) doesn't really happen (unless you're an uber-wealthy developer), primarily, due to the smaller market size, investor/landlord unfriendly laws, high taxes and availability of debt-financing. 

Yes, you absolutely can, but no one gets wealthy on cash flow alone.

My thought process is that wealth is accumulated over a long time through factors such as asset appreciation, equity position, and INCOME.

Thinking to move there to live cheap in rural area and save money and pay back student loan automatically and live a normal life yet build WEALTH. I

Lots of Tech moving into Durham, so there will be some people who make themselves very wealthy investing in Durham for the next 10 years, but I would definitely recommend a savvy agent on the ground.

Unfortunately I discovered that working for the government I would never get the level of wealth I needed to feel truly successful.

Wealth is created from appreciation (natural and forced) and for debt pay down.

If you do it right yes you can get very wealthy but there is risk tied to that for a reason. 

As for the money aspect… build wealth is the eventual goal but I feel like (and maybe I’m wrong) that I need to put into something that will develop cash flow first and either that will allow scaling OR eventually (this becomes the longer strat) building equity and then selling.

Sometimes they would disable the electrical panel as well.I distinctly remember one of my colleagues who did it just because the rent check bounced & he retired a very wealthy man with a lot of 'doors'.