@Gamble LiAround here (Fredericton), the inventory on 6-10 unit buildings is pretty tight  - though there are a couple for sale at the moment in a part of the City that is a little less desirable.  

Our biggest challenges are 1) tenant friendly (impossible to increase rents to keep pace with market) 2) High price per door 3) Poor rent to price ratio  If your approach is to gamble on appreciation, Metro Vancouver may be a fit, but I've found better overall returns elsewhere.

Stock and crypto are legalized gambling, as far as I am concerned and, like @Scott Trench, I am sure glad that my retirement is based heavily on real estate. 

Banking on appreciation is gambling

Investing for appreciation only is gambling.

1) Buy a business that suffered during COVID but has sound non-pandemic fundamentals2) Buy in markets where cap rates still make sense (i.e. not Canada)Investing for the hope of appreciation is not an investing strategy, its gambling. 

I'll chime in.... this strategy isn't investing, it's gambling. 

If you are comfortable breaking even for a bit while betting on appreciation, it feels like a decent gamble.  

Only one person I have ever met made it from zero when we first spoke to 1400 units and built an actual business.I think the next 5 to 10 years will be interesting; I expect prices to keep rising to unexpected levels along with the dollar (and debt) loosing value - until legislation and builders can ramp up production to fill the backlog and match demand.Agreed BP is cash flow is everything anything else is gambling so we all have that pounded into our bp posts. 

Maybe it's a decent gamble - if you lose, you bite the bullet on the 2 months lost rent, get the rehab done and get someone in at 3900.