The high HOA fee is already a factor, so ensure you’re comfortable with the overall carrying costs.Focus on the Land Value: Since the lot has development potential, you’re looking at this as a long-term investment.

@JC Wu yes I do think that SF and core Bay Area has mid to long term appreciation upside.

Keep in mind, you should have already had a conversation with the hard money Lender to know their terms and process, and be ready to perform. 

At one point my Brokerage employed over 70 Agents and trust me, those stats track.So when a company starts advertising on my show, or an Agent starts working at my Brokerage I can usually if they'll make it long term or if they'll flame out.

I imagine it would also have a lot to do with your long term goals in real estate.

Mostly on a long term scheduled with deferred maintenance. 

Very few allow any subordinate financing below their note but I do have ONE that allows 90% CLTV (they loan 75% and allow you to secure a 15% seller carryback as long as you come in with 10%). 

I have a w-2 income and own three properties, all long term rentals, that I've had for a few years.

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.

i tell them all the time to find a good W2 job you like and you plan on staying with a long time.