@Megan Elliott, There's no statutory holding period. 

Property prices are very low relative to Ontario and am curious if this would be a good first entry level market to invest in with the hopes of high cash-flow and a long term hold strategy.

Hey mate,Welcome to the wonderful world of real estate investing.For what it is, here is my opinion without too much depth:1) Have $100,000 in cash2) Look at the Midwest3) Spend time networking and finding the right people (Realtors, contractors, title company, etc...)4) Buy a distressed property for dirt cheap (Cosmetic rehab only)5) Renovate it6) Sell it7) Loose money (You most likely will on your first few deals)8) Learn and don't repeat the same mistakes 9) Do it againGod knows what doors will open and what the future will bring.I started in a similar way and it lead me to owning a turnkey company, property management company, brokerage, other businesses, investments and monsters with 17 heads heheJust my opinion off course but since I offer turnkey properties, maybe you should just buy turnkey heheJokes...

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Currently buying and holding single family rentals.

Hello BP Community, can anyone provide insight on the practicality of using a living trust to hold rental properties vs an LLC for asset protection?

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Large multi-family (5+ units) buy & hold investment.

Investment Info:Townhouse buy & hold investment in Phoenix.

If you are able to handle to hold on to it and you are sure you can pull out more cash from the refinance, it would be smart to wait.