However, in the past two years with rates going up and the housing prices climbing in our area, even if we do the same process with buying a home, fixing up the basement, renting, etc we'd be a lot closer to just breaking even come a few years time, if that. 

Have a great summer and I look forward to meeting new people, developing mutually beneficial relationships, and maybe even new friends along the way.  

There are days even weeks that no work gets done.

Anything lower than 6 would be an indicator for higher-than-normal home price appreciation in the next 6-12 months.This is why even as interest rates increased at the fastest rate in 40+ years in 2023 and have stayed at that level, home prices have continued to appreciate.The media has been calling for a real estate crash for a while now and it hasn't happened and most people can't figure out why. 

Even if you were to BRRRR something, its a great way to stretch your dollar while still maximizing leverage and cash flow.

You'll find more people on regular long-term rental sites than you would on anything designed for MTR, which is not even a term people are familiar with.If you are renting longer than 30 days, you should screen, collect a security deposit, use a written lease agreement, and follow the landlord-tenant laws for long-term rentals.

A lot of new/updated electrical was required, but we chose to have all new electrical because so much was necessary and there would never be easier access.So I have new plumbing and new electrical, but have never been further over budget on any of our rehabs (not even close to this over budget on anything previous) and we have done quite a few rehabs (enough that I never expected to be this over budget).  

Inspite of the recent correction, as the house prices currently stand and with inflated interest rates plus steeply rising property taxes (year over year municipalities have increased taxes and utilities 7-15% to make up for covid deficits); cash flow is virtually impossible even if you buy in the GTA outskirts like Oshawa, etc.

Even the cheapest house I have done, I would look into replacing them. the potential buyers are going to see the laminate cabinets as a negative.If you are set on keeping them, relaxing the doors and drawers and painting might be the best way to go.

It puts you into possession even though you might not be in physical possession.