Even if the ratio in your area is a bit higher, you can compensate with: more units, getting a roommate for your extra bedroom, buying a property where you can add value, etc.  

I just scooped up a single family in Aberdeen, 3 bedroom, 1 bath, 1000sqft for $102k

It seems like an amazing deal -- so I want to run it by you all in case I'm missing something.Property DetailsListed on MLS for $185k; on market for 249 days5-units: 1 efficiency, 3 1-bedrooms, 1 2-bedroomAll units currently leased to students through Aug. 20173 blocks from local 4-year university that ranks top 15 in the stateRoof <2 years old; all furnaces <10 years oldAnnualized Net Operating IncomeRent: $32kVacancy: 3% or $1kProperty mgmt: 10% or $3.2kTaxes: $6.4k Water + other utilities: $2.3kInsurance: $1.2kMaintenance: $1.5kNOI: $16.4kFinancingI'm hoping I can negotiate the price down to $160k and put down 25% $40k Cash on cash return: 40.24%Apparently the roadblock for this property has been financing since it's a 5-unit and would require a commercial loan.

They are very informative, and contain ample information. https://www.biggerpockets.com/blogs/

* I didn't get a real good look at home inside, because guy was huge and in way going to see mom in bedroom, but didn't get a horrible vibe about inside condition.

Appreciation and rental market are red hot right now in TO on 2+ bedroom Condos.

I plan to use Allure Vinyl Plank Flooring on living room, basement, hall way and have carpet for the bedrooms. 

I would like to explore the possibility of converting the two dining rooms to bedrooms to increase the monthly rent rolls.

* I didn't get a real good look at home inside, because guy was huge and in way going to see mom in bedroom, but didn't get a horrible vibe about inside condition.

They are very informative, and contain ample information. https://www.biggerpockets.com/blogs/