To get there I am working on increasing my income and reducing my daily living expenses.I had a massive personal budget overhaul about a year ago and reduced my expenses as much as I could, all expenses are planned and budgeted and I know exactly how much cashflow I have each month if there are no unexpected expenses.Part of that is I am focusing on flipping/wholesaling property to build more capital and then use it to buy more rentals as well and focusing on increasing my J.O.B. income until I can do REI full time.I think either route can work, buying only rentals may be a little slower at first but if the equity and cash flow are managed well it can increase more and more.

Whats the average Annual Increase of Rent rates (especially here in BC).

Ryan when dealing with commercial real estate which is five or more units you want to figure out the cap rate and how to improve the property and increase rents.

After that, it will become a dance of either having tenants stay and effect small increases annually or lose tenants and then correct at once to market.  

But property prices are increasing so the rents but ratio .5 or so  percent remain same. 

Imagine the increase in your holding costs while your property sits without selling, take that money and put it into fixing this.

The problem now is trying to make those big rent increases.

The terms are very attractive and its all unsecured debt. 

My recollection is that if it is your primary home for 2 out of the last 5 years there is no capital gains tax on the increase in value up to a $250K profit for a single person or $500K for a married couple. 

You can buy nicer rent-ready properties that will attract higher quality tenants and have a good property manager managing the property (5 minutes per year time spend), or you can buy a total dumper that needs rehabbing and then you can landlord it yourself (up to hundreds of hours of time spend).