The first year was challenging meaning had a tenant but not saving, it was just making my living expenses cheaper.

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.

Challenges?

As small businesses, securing funding can be a real challenge.

Let’s break it down and explore how you might approach this idea, the challenges you could face, and ways to structure a deal that could work for both you and the landlord.Why the Landlord Might Be Open to SellingThey’ve moved out of state for health reasons and don’t have family nearby anymore, which might reduce their emotional attachment to the property.The idea of simplifying their life and pursuing something like sailing around the world suggests they could be open to letting go of the property if it helps them achieve their goals.With significant equity or potentially owning the property outright, selling could provide them with a substantial cash windfall to fund their future plans.However, their belongings on the property could signal hesitation to let go or simply a logistical barrier they haven’t addressed yet.

Then there are the challenges with Section 8 tenants paying utilities and taking care of their rental property.

Evictions follow the same process from county to county in NC, however some counties are slightly more challenging than others.

That’s how appraisers will determine value, and that’s what the lender should be looking at.3️⃣ Challenge their underwriting logic – If you built the exact same two townhomes on separate parcels instead of one lot, would they still insist on using duplex comps?

I enjoy the challenges of earning money. 

And, even then, hitting your rate target would still be extremely challenging unless you were paying points up front, in which case it would probably make more sense to just try to put in a bigger down payment (or pay down the balance if refi) instead and get better terms naturally offered at the lower LTV.