Take an amount of money you can afford to lose and take action.

The area that I bought in is pretty expensive and I can not afford to buy an investment property here right now.

Unless you can afford the monthly losses and the appreciation will more than offset the losses, I would not advise to keep losing money.

So, until you gain more experience/transactions (licensed or not) you may not be doing yourself justice by representing yourself.Otherwise, yes if you can afford the ~$2k to maybe $3k in annual dues and fees, there can be a benefit to it. 

If you can't afford it, you can't afford it.

It is also a great option for people who want to live/work closer to Steamboat Springs but are not able to afford the multimillion dollar homes there, or even the $2,000/month 1bedroom condos.

The reason I have chose northern Ontario is because it seems to be the only affordable entry point for me in Ontario that follows the 1% rule.

B) What you can afford to purchase.

Most of the people doing AirBNB arbitrage are broke and can't afford buying their own places.

Start simple, cheap, where you can not only afford the acquisition but also afford the screw-ups you most certainly will be making, and the remedies for them.