There are currently only 1.4 months of supply which will continue to drive prices up. 

@Rory GalvinI don't have any experience banking or investing in Canada, so take what follows with a grain of snow.Gross income is your rents collected.Expenses include: Advertising, travel, cleaning and maintenance, commissions, insurance, legal fees, management fees, mortgage, repairs, supplies, taxes, utilities, depreciation, vacancy, capital expenditures.Gross income less expenses equals your cash flowCash flow divided by cash invested equals your cash on cash return which is the "yield" you should be comparing with other investment opportunities.If the max yield you can see yourself getting in real estate is 5%, then you aren't ready for a deal yet.

On top of that, you're doing so and in an extremely unpredictable market with some of the highest costs and most complicated logistics on the planet (e.g. solar requirements, fire sprinklers, blower door test, CEQA, etc.) in the middle of a global pandemic no less...You mentioned having the property tied up, are you getting it at well below market value?

Even with a termination fee, the longer you wait to buy property #1, the longer you need to wait to buy 2,3,4, etc.  1-2 months rent is a small price to pay to accelerate your global domination.Working with the right team is absolutely critical to your success. 

Covid 19 was a challenge, simply for a supply issue.

Covid 19 was a challenge, simply for a supply issue.

Very lucritive and making a comeback as affordable housing in Johnson County, KS has once again been in short supply.

Although for that much work, you could just buy from supply houses and save more anyways.

For many legislators, the term "flipping" is viewed negatively thanks to HGTV and other real estate reality TV, but improving properties creates jobs, employs local contractors, generates revenue for the local building supply industry, brings up property values and thereby property taxes, which helps local government and schools and of course, builds wealth for individuals who invest in our communities.

The supply is constrained by difficulties in zoning, regulations and other impediments to building new housing stock.