The major cons include high property taxes, difficulty finding positive cash flow (especially when using property management), and slow rent growth due to, among other things, rising supply of multifamily units being developed all around town.

I'm not really an investor, but do own one single-family house in a great inner east-side neighborhood that was my primary residence - I now rent it out and receive some positive cash flow.  

He did his due diligence to make sure the company was legit and then decided to move forward.Since then he has leased several more properties to the company and has nothing but positive things to say about the experience.

its a proven method that many successful real estate investors around the country practice when doing business with private lenders being positioned as banker. the choice is yours in any case.kudos,Mary

But I also try to create win-win situations and having a car parked in my driveway at a vacant house at night I see as a positive. 

I see a repeat of 2008 and a opportunity for Canadians to profit in the future due to our more stable financial positioning.

Being able to have a conversation that takes all your details into account will get you a whole lot smarter and in a better position to decide.

Some times the best deals you snap up are not the best 6months down the track and you really wonder "Why did I buy this place" BUT KEEP A POSITIVE MIND SET!

It's very important to think strategically when attempting a 1031 in a sellers market - for the same reasons you're feeling nervous. 

Very high risk and far from dependable.In your position I would be looking to flip homes for the next ten years.