@Greg Bruns  Only if the seller is willing to take a 2nd position mortgage, and most are not (HML will require 1st position). 

https://nypost.com/2018/07/18/nyc-bill-passes-to-force-airbnb-to-give-up-names-addresses-of-hosts/For anyone doing Airbnb in NYC, are you concern about this new law or see it as a positive (less competition)??

That difference of 15k may or may not significantly impact the monthly cash flow.  

All positions for residential real estate are taken.

Total property income MINUS yearly expenses Equals either positive or negative cash flow.

That way you have a better chance of positive cash flow after financing.

Looking to invest in multi family , in small Ontario cities such as Hamilton , Kingston but it will be hard to get good tenants to live in such buildings , SFH look less headache but it is expensive that is it hard to produce positive cache flow with 20% down payment. 

At the end , its a negotiating position among syndicator and investors. 

@Liwen Gu - Sounds like you are in a great position.

Then, I would evaluate my financial position and see what the best way of getting started would be (in terms of property cost, risk, etc...).