Given that property prices have risen alongside this increased revenue, if revenue drops back to pre-covid levels it would be troublesome. 

They have high turnover and involve more work and wear and tear.IMO I think the best entry-level rental strategize in Ontario is buying a single-family home and adding a legal 2nd suite to the basement.

If you go FHA 3.5%, lock up the remainder in where it will work for you with a level of risk you can stomach and some cash for emergencies.  

What's your experience level? 

Mother in law unit, adu, detached garage/shed, split level, basements are all examples of ways to do this.

These numbers keep the Austin MSA quite comfortably in a seller’s market but the red hot level of hyper aggressive property acquisitions has certainly cooled.

Occupancy depends on the property and you.Location, amenities, pricing relative to other simular properties, pictures, description, reviews etc will all contribute to your occupancy levels.

Mainly the flooring due to the fact that this particular house was built in the early 1900s and the floor was anything but level.

Speaking for myself, with my own acquisition and investment strategy, what’s most important to me is the TYPE of leads I generate, not the quantity or motivation level.

In your neck of the woods a nice town home can be very low maintenance, and if you have a decent HOA it provides the same level of management ease as a condo with more upside in the rents.