This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.

Further, running a very quick and simple valuation based on $900 rents, 8% vacancy, 25% op exp margin, and a 9% cap rate, I'm coming up with an ARV of around $83k, so I'd pass if I were you unless you can get a much lower purchase price.

Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck 

Floating rate loans may help cash flow early in deal, but put a lot of risk into deals. 

Possibly lower returns than projected because of statutorily mandated interest rates following court judgements.

If you have large debt with a high interest rate, I would consider paying that off before getting started investing in real estate. 

Quote from @Jonathan Chan: What kind of rates are you getting on gap?

What’s not working right now is traditional long-term rentals—high interest rates have crushed a lot of those deals.

El-ErianSun, January 10, 2021)) Mostly, I see a hint that it could result in rising interest rates.

Tenants are more likely to trust landlords who demonstrate a commitment to fairness and legal standards, leading to better occupancy rates and long-term success.Adapting to regulatory changes is an essential part of being a successful real estate investor.