We’re both savers by nature so having to make decisions about renovation details got us out of “don’t spend” to “this is a worthwhile investment.” 

New or not, you'll likely have to have part time people and that presents challenges.   

Challenges?

Challenges?

Reels are a nice teaser, but that only promotes the agent, not the property.We sell about 100 properties every year.In your experience, what challenges make an average home not look great on video?

Challenges?

It's going to challenging as a first time investor trying to convince someone to lend you money with no proven track record. 

For sure — I’m trying to determine if I’m making a bad move tax wise, or if I should somehow leverage the equity locked into the rental, which seems challenging with the low interest rate of the mortgage.

Since you can't escape CA LLC registration, if the property is based here, and if you are a resident here, may make sense just to form a CA LLC and simplify your life and your costs.Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Tenanted properties are extremely challenging to sell and the recent change in notice period has made that worse in BC.You are in a tough spot either way, only you know your financial situation and your numbers.