Or suddenly it turns out the roof wasn't in as good of condition as it seems and starts leaking badly and needs large repairs or replacement and you only have $2,000?

It might be worth mentioning, though, that there was a blip in 2017-18, with a sudden change to student visa granting rates (if I have my terms right) meaning schools across Canada received approximately 2-4 times as many students from India as they were expecting that year.

There was just one BIG problem that I hadn’t anticipated…One of my banks, at which my personal unsecured credit line is 40k, suddenly was no longer offering the 0% interest balance transfer promotion!

I am up to 22 units which all of a sudden there I am. 

Sure it's also a risk if you have bad tenants or the place catches fire but I feel it's a risk worth taking instead of watching your money suddenly either vanish or jump up.

The downtown and immediate surrounding areas have surged rapidly in values, with some areas doubling in tax value within the past year.

Lots by themselves often don't appreciate short-term, in my opinion, unless in very hot areas (CA, Pacific NW) or something drives the demand suddenly.

Will see how quickly it sells, but suddenly this has become a drain on my cash flow, both to fix it and because it will be vacant until I sell it.

Suddenly, i couldnt take it anymore but what keeps me going is the end game. 

It magically showed up the same month when he suddenly only had $300 of the $850/month rent.