I'll take a stab at answering your questions. I too, just bought Mark's book at the ACRE weekend in Toronto and read it instantly. I 'think' I have a handle on what the book states.
Mark, hope I stated everything correctly...i'm sure if i'm off base...Mark will correct me.
1) Does the...
If you keep running into dead ends in Toronto for your price range vs. quality property (which equals quality tenant profile)....give me a shout. You would be able to get a lot more up my way (Orillia/Barrie) for your investment dollars.
Jason