Prices on these properties have been surging for years, deconversions in pretty much every once was "hipster"/now insanely popular area in Chicago, the hyper gentrification of every classic, ethnically vibrant, affordable neighborhood is old news.

Hence the popularity of commercial MF investing, as well as the BRRRR strategy (which is just what commercial investors have always been doing, but applied to SFRs.)2.

San Diego is generally more desirable than Buffalo, so people will devote more of their income to housing, But I bet if you did this formula for every city the rankings would align very closely with the price to rent ratio. https://smartasset.com/mortgage/price-to-rent-rati...If you look at the list, San Antonio and Memphis are near the bottom.

@Caleb Schmitz interestingly an contrary to the popular believe, investing in rental properties is actually quite boring.

@Lee Cruz Yes this is possible, and actually is a popular strategy many investors use which has been coined as BRRRR by BiggerPockets.

Mortgage terms in Canada vary from 6-months to 10-years with the 5-year, fixed-rate financing being the most popular (but not necessarily the best).You will come out ahead in the long run by using variable rate financing - there have been analytical studies comparing fixed-rate versus variable over the interest rate history from post WWII until present days which produced these findings.  

Inversely, if I love City Y, you bet I want to invest there, and spend time checking in on my property and enjoying and learning about the city I have money in.  

I would be willing to bet the majority of those who are very successful on BP all live in modest homes with a lot of equity, and drive modest cars most probably paid cash, that they can easily afford. 

I recently had a little convo with a popular Tk company.

Today was my off day, and I decided to tag along with friend to the second most popular auto auction in Cincinnati.