New listings are up 12.3 percent year over year, which gives a buyer more to choose from and more leverage on price than in a tighter market, and price paid is the single biggest lever on whether a specific property cash-flows.
On the financing side, a non-owner-occupied purchase generally needs 20 percent down, which lowers the mortgage payment relative to a smaller down payment and makes positive cash flow more achievable at the same rent. That tradeoff between cash tied up and monthly cash flow is a real choice, not a fixed outcome.
The market conditions help; the specific property and its financing decide the actual answer. Get your hand-reviewed valuation from Joel Dyck.