Most of the buyers are just regular folks looking for a home, so they are not at all thinking about cap rates. 

In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.

When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.

Stating that nothing can be put on walls in a rental home is unreasonable.

Median-priced homes will attract the highest percentage of qualified residents looking for rentals and the highest percentage of owner-occupied home buyers in the future. 

This includes trips to properties for evaluations, trips to Home Depot, etc. 

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. 

If you add unit to your home, your home likely became rent controlled.  

Choosing between a single-family home and a duplex is a classic real estate investor dilemma.

You have to sell it to a home buyer.