If i put down 70k as a down payment my mortage would be $1200.

An option must be for a stated period of time, try 99 years, lol.The issue isn't at the state level, it's federal and with the IRS, as well as CFPB then financing if you apply payments to any purchase price. 

House Hacking would potentially cut my rent payment in half, netting me about 1200 a month vs finding a triplex or fourplex in Arizona that would cash flow 600-800.Thanks for reading!

Hello fellow members,I'm ready to do the jump, but I'm curious to know where I can find the better deals for multi unit buildings 5+The price range (dictated by my down payment affordability) is between 200K and 250K at the momentThe cities I'm considering are Indianapolis, Cincinnati, Kansas City and Chicago.

Absolutely do not execute a release prior to payment.  

I was wondering if it's possible to take 20 K out of it to put a down payment on a second investment property and would that even be advisable.

The problem is the mortgage payment is 1600 a month.

And, I would rather not put too much for the down payment due to my lack of experience.

But once completed we will have our old mortgage payment to use toward more investing.Hope this helps 

Kev Kevin:We'll see if we can get @Thomas S. here to provide guidance on navigating Ontario's LTB to save you time, money and some degree of frustration.However, the general rule of one lease, one payment applies here.