BC I know has a property purchase tax for everyone and an extra one for foreign investors.

And I also see many questions popping up about running a short term rental business, which to me is more of a business than an investment although it does involve an investment in real estate. 

Purchase price: $230,000 Cash invested: $200,000Two homes on half an acre.

I am currently working with an investor that is wanting to put a Pocket Community at the Lake of the Ozarks.

Another option is to put an electronic deadbolt on the front door with a non-locking door knob.

I am leaning on local first for my next investment, but not ruling out an out-of-market opportunity. 

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

Whether the seller was open to a buyer commission or not, I wouldn't put an additional cost into any personal purchase.  

So we opened up an LLC and he funded it with $100,000.

My personal preference for a buy and hold would be an already established area (or an area that's still gentrifying, but has already seen significant progress).