I was hoping someone might have some experience in this market to know how challenging the process would be to obtain the permit.Thanks for your input!

Real deals with real economics rarely face allocation challenges.

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. 

@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?

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.

The challenge again, is the prices around here.

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

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

For practitioners in the real estate industry, the biggest challenge is not just the difficult work, high risks, or immense pressure, but the necessity to learn to let go of complete control over outcomes.

Challenges?