Wealthy Barber is a good starting place.
Was in the residential rental game for quite a few years with quite a few units. Sold most of them a number of years back. Got out of the last one last year. Way too much aggravation for what the return is. I made much better net returns investing in blue chip dividend stocks over the same period of time. The first 41,000 of dividend income is completely tax free. You don't need an advisor, even with a lot of dollars to invest, the quality of the advice you will get will not pay for the fees you get charged. Use a self directed brokerage like RBC or TD and do your own.
Just stick to the real safe stuff that never goes broke. The big six Canadian banks, telcos (Telus, Rogers, Shaw), pipelines and utilities. All of these are Oligopolies meaning they have limited competition, wide moat (Very expensive and lots of regulations for anyone wanting to get into the business), able to set pricing and in businesses that do well in good or bad economies. Yes their prices will fluctuate in the short term, but if you look at a 20 year stock chart they all show a steady upward march, and they all pay between 3.5 and 7% dividend. Buy them as you can afford, have the dividends reinvested automatically and watch the value grow over the years.
If you had bought 100 shares of Microsoft in 1986, $2,100, it is worth about $750,000 today. If you had bought $10,000 of RBC in 1971 and not reinvested the dividend it would be worth $135,000 today and would be paying you $5,400 a year in dividends. It would have paid you a dividend every 3 months that you could spend or reinvest since 1971.
For property I still like raw farm land, rent it out to a farmer for crop or pasture. I also still like commercial rental space. The triple net basis (renter pays for repairs, snow and grass care, heat, power, water and property taxes) of commercial rent eliminates a lot of the hassle, and risk and greatly improves your returns. Self storage and lots for storing trailers, boats etc also have tremendous returns for relatively small investment.
There are lots of ways to make money long term if you are patient, don't try to find the ten bagger and stick to a regular savings plan. Best of luck.
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