Don't know if it is meaningful or not, but even with a $0 down payment you still are "into" the house for some non-zero amount - you probably have paid closing costs, an inspection, etc.You could always estimate those costs, and use that number as your effective initial investment in the property.

The easiest way to reach the top of the mountain is to find the path that best suites you, find what you truly love and do it, and you won't run out of stamina on your way up.

That every time a mortgage is signed and goes into effect, a "note" is created that is able to be bought and sold.

Rest asured somehow someway people have been moving furrniture up there for 53 years . now all of a sudden you have to reengineer your house to suit these people. don't put up with there crap.

Now their price is taking off because many have been priced out of SFRs. 3) A good HOA can actually be a true benefit to a new owner in that it can more cost effectively manage some basics like lawn care, pool maintenance and other exterior chores where there is economy of scale.4) A bad HOA can cause your property to loose value even in a rising market.

They are related, but only to the effect that a larger downpayment increases your cash flow.  

So this makes effective use of your nights and weekends critical. 

However, they can file suit against you.  

Has anyone out there purchased an investment property in a cost effective city while renting in an expensive city (such as Toronto)?

Bust out the hazmat suits.