As someone else mentioned, make sure you don’t go overboard with the updates.

Eviction headache and cost is something you definitely don't have to worry about with party #1, not to mention wear and tear.

As mentioned above this will catch up to you and bite you. 

As @Jonathan Greene mentioned this is kind of a dated strategy in the new price/interest rate environment.

Not to mention they wrote of over $300k worth of taxes for me utilizing a cost segregation study. 

Some say it increases bookings, while others mention concerns about damage and additional cleaning costs.

I know you mentioned other units are listed comparably but asking price is not the same as rented price.

You mentioned Crowd Street already, and that could be a good place to start looking and learning.

As others have mentioned, Vancouver is very expensive and difficult to find cashflow. 

It is pushed over and over and over, especially on social channels and from service providers, and often interchanged with other terms and defined differently constantly, but mentioned again and again.