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

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

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.

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). 

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. 

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

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

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

My accountant wants me to start doing this in the event of an audit being I’m starting larger projects and will be implementing cost segregation Thanks

Renting it out before that could violate the loan agreement unless the lender grants an exception (e.g., job relocation).