Hi BrandonLike you I've been learning through BP for some weeks now, looking to gain the knowledge needed to buy my first property and begin the path to financial freedom.

Maybe 10-20% correction.Assuming 70% correction on ETFs, $250K available there will be reduced to 100K.

Go to flight school now and and start that path. 

He stated that all utilities "are included in the rent" which means he pays the utilities, correct?

I'll defer to our lending gurus to better fill you in on that end of things, but certainly you should look for ones that are in the path of progress, have additional revenue sources (think storage, laundry etc), or potential therefor and/or have scope to add a bedroom or another unit to increase the income.

Assuming your valuation is correct, you would need to purchase it at 192K if you want to get your money bank.

Though that path splits into either senior or junior liens, each totally different, with different hazards & opportunities. 

Please correct me if I am wrong. 

I currently work as a software developer in Toronto, and after many years of long hours and late nights, i started questioning whether i wanted to continue this path into my 30's and 40's (currently 28).

My background is in customer service and TV/Film production -- a clear path to real estate, don't you think?!