That is done via placing the highest quality tenant possible, keeping issues to absolute minimum, keeping maintenance and service calls to minimum, because to make it work properties have to operate on cruise-control.

If there’s specific projects like electrical we get a project specific estimate after we put it under contract prior to the earnest money going hard.

They are really the only ones that can give you an accurate answer to your specific situation.

I have not every purchased property in Canada, but my wife is Canadian and I've seen some of the issues her family has had to deal with.  

However, there is no way to do so without risk.The Internal Revenue Services issues three (3) Private Letter Rulings (PLRs) that allowed the taxpayers to do just this.

Bananas and coconuts have similar disease issues.2.  

There are the asset backed (DAI, EOSDT) as examples, but while they generally keep their peg (flux of a few cents), there's also the issue with Terra-Luna, and how it lost it's peg.

Keep in mind that once you drop down in population there are issues with finding quality property management and as well as securing quality tenants. 

I would focus specifically on markets that are landlord-friendly.

If it is only one flip for now, I suggest you find a CPA just to advise you on State filing requirements, ensure you are claiming all write-offs and issuing 1099s, etc.