The main thing I see when coming across this is deferred maintenance.

@Franklin PerezGetting your real estate license can be a smart move if you want MLS access, networking opportunities, and savings on commissions, but it comes with costs and disclosure requirements.

The issues can be local so look for someone in your area who is posting and try to contact.   

If you're thinking of denser development, you can split the lot and go for up to 4 units across 2 parcels.

Depending on the quality of the lead, how much work you’ve done with them, the exact source, the property in question, etc, they may range from worthless to worth a small referral fee.  

Keeping the Vancouver property could provide strong rental income, long-term appreciation, and diversification, but it also comes with tax implications, foreign ownership rules, and management challenges.

@Ken M. rents are softening in the places that have had a lot of new units come on line.  

@Thelma Bal Best content on Cost Seg, bar none, is @Michael Plaks' posts on the subject.

Just need the land.

The first apartments I rented as the owner, were previously rented by the former owner at $150 month including utilities.