The last of the most important criteria is that the sponsors interest be aligned, to the greatest extent possible, with the interests of the investors.  

It doesn't matter if the shareholder and President are the same person, the way you behave should be the same. 

MAREI's still here, we meet at the Double Tree on the 2nd Tuesday of the month from 6 to 9 and we have a meeting after the meeting.1st Meeting is FREE.We have generally 100 in attendance.Come out and check it out, join our community -Next meeting is February 11th, 2025

Also, I wanted to convey that the type of investor I describe should on;y accept a quality tenant well above what’s typically considered acceptable in the industry.  

I used to live in the lower mainland but invested where the numbers work like Vancouver Island or Northern BC.

Rodrigues' recommendation may change this), but my next question would be, are there any cities/markets where 1 of the following are true: 1) You have family/friends that live there, 2) You travel there frequently (either for vacation, work, etc.), or 3) Somewhere else you've lived before AND know the area well?

Most lending is based on cashflow, not the 2% rule (although still a good rule of thumb for some types of investments), might have the most help from the group if you provided some of those details here just so it'd be easier for us to help you best. 

One I close on that house, I plan to go buy a good lot and get a decent builder to build the next one. 

However, have you ever gone downtown to the steps near the capital and witnessed a Trustee sale? 

I don't recommend throwing the baby out with the bath water, and definitely make sure you understand the nature of the Mentor you choose.BP is a great resource to meet some amazing people.