Just be aware that plexes in Montreal are very expensive so it might take you a long time before you get your equity back, unless you find a fantastic deal.

Their goal will be to draw this out as long as possible at your expense.

I recently paid off all my debt and rent is my only expense.

@Naftali Tolibas Yes, you should keep track of your business and personal expenses separately. 

That $200/month can easily be wiped out with some expensive repairs due to hard partying or just lack of concern for the condition of the property.   

Rdu is great, but it’s very expensive.

Unless you think the property is hot and you buying it with enough equity in it to flip (consider 2 closing costs, repair and operating expenses), I would not recommend to borrow the down payment.

When you eventually move out, then rent out your apartment, and then have 4 apartments that cashflow, pays 100% of mortgage, and give you about 500-600 after all expenses. 

I don't have final numbers yet because we have not sold and I have a couple more expenses coming in.  

You have a good plan.Continue to reduce your expense which will allow you to save more which means you can buy that next property faster.