BC I know has a property purchase tax for everyone and an extra one for foreign investors.

My piece of advice would be to research emerging neighborhoods and focus on areas with strong job growth and infrastructure development. 

Didn't get into rentals on pupose but it's working out well and I want to continue to learn and develop my portfoilo.

Has it developed much in the last 5 years? 

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Maybe attend a chamber of commerce meeting and ask around where development will start.

Don't wait for problems to happen before developing a solution.

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.

We talked about an aggressive paydown at a rate of $5k for the next 6 months to make the deal sweeter for the next person, but renting it would be preferable to that I believe since I can get a higher return on smaller development projects at a burn rate like that. 

I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.