Do you usually focus on buy and hold strategies, or are you exploring different options as you build your portfolio?

This allowed me to get the first right of refusal on the other property which I'm currently working on an owner finance deal that would be based on a 20 year loan, balloon in 3 years with no interest.

This is for Brampton ON . 

Related: Is it possible to do a convertible note when lending on a deal?

For instance, if hail damages your roof, you’d receive payment based on the roof’s current value, considering its age.Replacement Cost: Covers the full cost of a new item.

Do you have a deal that you are working on currently? 

On the other hand, if you invest $50,000 as a down payment on each of four properties, with a monthly mortgage payment of $1,000 on each property, you could potentially earn $500 per property or $2,000 monthly.

Most of the stuff on the MLS is overpriced.

Study landlord basics, especially on what to include in your lease (going forward you will ALWAYS have a written lease).(2.5 Learn from mistakes and don't repeat them.)

Congratulations on deciding to take a big step by introducing yourself to the forums - while everyone is friendly and looking out for your success on these forums, I remember how intimidating it was making my first post introducing myself to the community 10 years ago and before I started working here.