If you buy in Toronto, over time you will be ok but you'd have to financially be able to withstand negative cashflow for the first few years at least.

@Edward Zachary SamperioEven if it could be done, this post scares me as what do you have for reserves to pay for any maintenance / rehab / negative cash flow and cover the loan?

The plan is to self manage until it becomes a negative impact.

Indeed, I don't want to get into an argument with Henry Clark mainly because he invests there and I don't but also because I don't like being negative, wasting energy on arguing and I highly respect and appreciate Henry and his many contributions to this very forum.

if you actually get $400/month of cash flow (after all expenses) then in 27.5 months you will show the first cash flow that is above your negative equity position. 

Even if you're just asking for disclosure purposes only, this will automatically have a negative connotation.  

OR cash flow where I'm currently at if I partner up with other investorsTurn-key rentals (I'm anticipating to have my bandwidth to be stretched thin due to full time work and school, although this doesn't negate the fact that I will make the necessary adjustments if needed)Buy and HoldOpen to the idea of flipping as well but I have zero experience in anything construction related.I hope that this is enough information to get the discussion rolling.

Now, one caveat on this comment, I will never put a property into a negative cash flow situation.  

$150PM$110Lease Fee$41.67Total Monthly Expenses$1,156Projected Cash Flow-$61.49Paid Off$568.75I think I can get rent up to $1,200/m perhapsAs you can see with the current mortgage, I'm negative long term with the Cap Ex budget being applied.

You are entering a grey area regarding accommodating for medical reasons that may  negatively impact you down the road.