New member looking for some advice Canada

[Kevin Schmidt]

Hey guys, long time reader new poster. Looking to get into some LTR or STR. I'm in vancouver, Canada . Prices, interest are very high here so wondering if anyone has some advice. I have about 500k in equity from my primary residence and approved for 850k with a 297k HELOC. Almost every place I've ran numbers on is $300 and under cash flow (without maintenance, vacancy or property managers) and most the properties are 3+ hours drive away. What do experienced investors have for advice in Canada? Prices seem to be starting to come down a bit but interest rates going up is making the payments more as time goes on. Thanks