I would, however, love to explore areas within the GTA that could have that strategy applied to it.

I would not have rentals in some states and regions and if I lived there I'd explore other options.

I always advise my clients to explore a HELOC before a cashout refi, origination is less, HELOCS can be reused once paid, and if you wont have to take the rate hit that comes with a cashout refi. 

@Austin Adams I recommend taking your time to explore the different areas and communities and refine your criteria before you pull the trigger.

Is there anything in an area that you look for before exploring an area.

I’m an interior designer so one of my strengths is renovating properties that are eyesores without breaking the budget.I signed up for Bigger Pockets because I want to accelerate the rate that I invest and explore flipping properties. 

Not sure if that will be my next landing, still exploring. 

Another great option in Tampa is to find a house with an ADU (Accessory Dwelling Unit) or MIL suite you can live in while renting out the main house to cover your mortgage.Feel free to reach out if you ever want to discuss options or just dialogue about strategy that fits your unique situation.- Alton

Your business entities should be owned by each other, not any human person and any income property or short-term holdings (flips) you acquire should be held in the business entity(-ies), not your own name.There are resources available on the web to explore at your convenience.There is one aspect that should be mentioned: mindset.Those who oppose business entities will remark about what it costs to establish and maintain them.

I’m sure it’s a unique situation but if anyone’s done anything similar any feedback would be greatly appreciated.Thanks