Agree with @Jim K. in that I disagree with almost all the negativity above. 

Cash flow and appreciation are both random variables, they are both typically positive but both have an element of uncertainty, which is why I disagree with the "cash flow" is real and "appreciation" is a mirage mentality.

But you still need to examine actual expenses to be certain they fall in line with 50% target; if expenses go higher than that, you will not have as good of a deal as you would hope for.

With fixed-rate financing here, if you choose short enough terms (1-3yr), you could (theoretically) crudely mimic that rate bands of an ARM, but the conditions of the financing would be different.I disagree with your blanket assertion that one would be safer with a U.S.A. style ARM, but it's an irrelevant debate since term-matching-amortization financing is not a reality in Canada.  

I somewhat disagree with his advice.  

@Caleb Heimsoth I guess we'll have to agree to disagree. 

Account Closed couldn't disagree more.

I disagree with that even on pure rentals as well, having made most of my money on properties that did not cash flow day one, however it’s especially bad advice considering you’re talking about owning vs. renting.

Carl, try to be civil even with those you disagree. 

Although I often disagree with Chris nobody can cast aspersions on the way he runs his business.