The wider local region also seems to have a lot of tourist draw.

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.

Understand the local permitting requirements, keep eyes on your property to avoid squatters, and make sure you have a great vacant insurance policy while you're renovating.

There's no fixed max size beyond local zoning rules.

There are a couple of car washes in my local area that are for sale that I am interested in but do not know where to start. 

If local sales support the new value then you should not have to deal with the seasoning requirement.

The wait-list becomes a longer wait-list until states and localities allow them.If the trend for 2025 will be more ADUs as stated in On The Market podcast.

start w local bank or CU ?

Consult a CPA or real estate attorney to understand tax implications, build a reserve fund for unexpected costs, and research local regulations to ensure a smooth and profitable transition into rental property ownership.Good luck!

You need a local/state specific lease.2.