Many of us, myself included, have the goal of passive income. However, few residential properties positive cashflow without a major downpayment of 50% or more, at least on Vancouver Island. To raise that 50% for a bucket list of properties, I am considering other options, even the "flipping" method of buying condos and selling them after a year. What are people's thoughts about this strategy? A major concern has to be capital gains. Are there ways to minimize this? And are there ways to sell prior to mortgaging the property, such as with a new start?