Think of taking advantage of a killer black Friday sale and buying everything that is 80% off, but you a) can't afford it and b) don't need it.

I think you could still house hack your first duplex/fourplex and see what you can afford.

Bonus depreciation was increased from 50% to 100% for property placed into service after September 27, 2017, and before January 1, 2023.And finally, affordable housing has never gone out of style.

Let me ask you this question, how much can you afford to lose?

What happens if the tenant in the other side loses their job and can't pay rent... can you afford to pay the entire mortgage?

What I do know, is that companies are getting absolutely hammered with very little revenue coming in, coming to job losses...people can't afford payments which will mean foreclosures- and with a high supply and low demand.

If you don't refi and you can afford it, leave the cash in the property at least until we are out of the woods with the pandemic.  

I think some other markets for you to consider would be: Riverview (affordable MF properties at lower median listing than Coronado, at $105k).

I could just sit on my hands and wait 6 months for my properties to pull in enough cash to put a down payment on a house, but I want to go go go.So my question is as follows:    How do I "Afford" to get my next mortgage?

We have a solid market here that is much more affordable than Mississauga.