You live in one unit for 1+ yrs and rent out the rest.Now while you are living comfortably in your own home with your family, you have one real estate investment property (your first house) under your belt, and throughout the 1-yr++ time period you continue to educate yourself on various REI methods and continue to discuss the topic and work with other investors. 

There are so many new builds it is hard to flip something that is renovated and nice but still 25 yrs old compared to brand new out of the builder's box.

@Vincent Meoli - As a quick bit of background, I starting investing in real estate 10 yrs ago in upstate NY. 

These are my thoughts after investing 5+ yrs in GTA.

You're probably going to have to be pretty far west to find anything multifamily in that price point - I think that ship sailed this neighborhood 10 yrs ago. 

I have not had any vacancies yet (started purchasing with them 3 years ago) and they are able to meet and in most cases beat the 1% rule.The other companies I have used have morphed over the last 7 yrs and I have decided not to continue investing with them because they can no longer meet my basic requirements for my investments (things like the 1% rule), but outside of this, there service has been good and I still own properties with them.Of the Turnkey properties I own, only one has not made a profit (when considering cashflow only) and in retrospect, this could have been avoided if we had required a better rehab upfront.

I'm a young investor (27 yrs old - first property purchase) and my agent is about the same age. 

Then you'll get an established multi-millionaire, with 25 yrs in the credit system, 10 prior mortgages, never missing a beat, flawless, and you'll pull a 698 on them.  

I can't put a price on the value I received over my 7 yrs; zero to quiting path.  

Let me give you three examples:1 - Let's say an LLC owned a property for 5 years (the # of yrs really doesn't matter), and over those years it has attached a number of business credit cards, LOC's, etc...along with being on title with the property.