The less comprehensive option ($25 - credit based resident score and National Criminal Background Report)If unsuccessful, what are your 'fair housing' tips/tricks to soften the blow of letting someone know they weren't chosen and you won't refund the $40/$25.Many thanks as always, 

Look to assist other investors through JV deals to take advantage of our high cash flowing market.Prices have softened somewhat in BC.  

When lots of landlord infight to keep occupancy the rents in the market can soften.

@Everest Jordan, I recently listened to an expert panel discussion with James Eng, Dino Pierce, Jonathan Twombly and Jeremy Roll.They had some interesting things to say from a macro point of view.James, Jonathan, and Jeremy were certainly advising caution.For example, James Eng mentioned that he looks at dozens of T12's every day and what he is noticing is that the rents are flat, so at the moment there is no ability to drive rent growth.This tells him that the market is definitely softening.

I'm no developer, but I'm pretty sure construction costs soften substantially in a weaker economy as well. 

It seems the market is softening for rentals and hence, rental income. 

I plan to continue looking for the "right" property at the "right" price, but maybe I should slow down a little as the market typically softens up a little more in winter.

4 reasons come to mind (there may be others):1) changing market conditions (equity has gained, rents soften or are reduced by govt or market factors); 2) expansion of govt regulation of LTR’s (i.e. statewide rent control);3) expansion of govt regulation of STR’s (govt makes it more difficult or less profitable to operate); and4) differing goals of partners in a partnership.In any of these instances, prefer not to “sell”, but rather 1031 tax-free exchange to friendlier climes & better growth and cash-flowing opportunities.

New roof, new well/softener, new hvac, new plumbing, new electrical, new paint, new flooring, new drywall, new fixtures.

@Fabian Santos I am not currently looking for new deals, as I just think the market will soften pretty quickly in a few months.