I think the important takeaway is that you need to know what's going on in your local market.

Your property taxes will also be higher as you can't use the home owner's grant.There might be local RE meet ups in Vancouver area where you can go and listen to what others have to say. 

You could also consider house hacking locally.  

@Loren Souers I take it "OMNI" is a local credit union?

Networking with local real estate investor groups can also help identify lenders active in your area.

Find the best local real estate investor meetups that have no pitches and you will increase your knowledge, camaraderie, and motivation ten-fold.

From experience, I’d recommend getting pre-approved, improving your debt-to-income ratio if needed, and researching local assistance programs.

I don't think one will make money on a net-net basis over the long term.I had asked the same question to local and foreign buyers agent in japan and had vague responses from them as they know the reality.The opportunity lies in the foreclosed property in Japan.

That said, Detroit is very much a block-by-block city, so local knowledge is critical to avoid issues.If you’re serious about learning more, feel free to send me a DM.

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...