I feel like Vancouver is a nice size - big enough to find quality property management and trades, but small enough to be a little less urban.If this is an area you'd like to live in the future it may make a lot of sense.I might suggest a three bedroom, but will be interesting to see what others think. 

So chances of finding the right buyer, (DIY saving money type), with kitchen size/layout very similar yet flexible - willing to build/spec the cabinets around the size of the counters... is exceedingly slim.

Helocs must also be calculated in underwriting based on fully exhausted payment meaning even if you only use a portion during the next purchase they underwriter will hit you with the full payment for risk.Cash out on the other hand is a liquid reserve tax free and it only requires (1) mortgage/lien.

The land, zoning, waste disposal system, in ground oil tank, elevations, liabilities, encumbrances, lot size, setbacks, and other issues that may have impact on an investment decision and any value add opportunities or lack of. 

You build a solid reputation as a deal closer, vs someone who bails when their portion of the deal doesn't work out. 

I deal with several, the down size is you will definitely need to come up with 20-30% down with these loans but the terms are very favorable. please feel free to reach out if you have any other questions or concerns.

Depending what lender you go to, some don't have seasoning when do about $20k  in renovation on a value of this size.

If you add in the owner's portion, VRBO is carving off 30 percent or more per reservation. 

In other words, the lot’s size is too small to comply with the current zoning regulations.

The average size of a three-bedroom is 1,200 feet.