So, I'm looking to invest in other markets and trying to focus on one or two so that I can build knowledge over time, but narrowing it down is a challenge. 

The challenge again, is the prices around here.

One of the key challenges I’m facing is understanding the financing options available to someone without Canadian residency or a local credit history.From my research, it seems that a 35% down payment is often required, with interest rates around 7.5-8.5% for non-residents.

Real deals with real economics rarely face allocation challenges.

These types of properties require experienced management to navigate the challenges effectively.

@Holly Thorsen see above for potential challenges tapping your equity in the rental.You only need 5% down for a regular mortgage, 3% down for an FHA mortgage - so why don't you have the funds?

As with most people starting out - having the 20%-30% equity to put in the deal is the challenge. 

Challenges?

So, even when the market is challenging, you can still see properties and stay current.Don't take a break when the rates are high.

Challenges?