Is it better to buy a fixer upper and actively work on it as I'm living in it so I can increase the appreciation for when I sell and move onto the next, or is it more possible to allow appreciation to occur naturally and build up my property ownership over the course of years and sell out in the end.

We needed a family home and wanted to find a fixer upper to gain equity.

We needed a family home and wanted to find a fixer upper to gain equity.

It's too late now but it's important to educate tenants prior to occupancy that noise travels between units, particularly from the upper unit into the lower.

@A Xiong I don't know your experience level, but based on the fact you asked about "how to find renters", I'd say your first move is the read a real estate investing book such as 'the book on managing rental properties' by Brandon Turner.

@Andrew Syrios you’re definitely right, it’s a higher deposit than that level of tenant would normally have to put down.

Unless these were bottom level college rentals.

A college level course like Columbia College is a good start.

@Edlen Oira Toronto and the GTA can be really hard to find entry level income producing properties that cash flow well.

When you refinance, you might not increase cash flow if the value of the home increases significantly and thus the debt service increases to a level that would eat into overall cash flow.