Hi AllI am absolutely no expert, but the way I  gauge it is pretty simple, I start looking at pent up demand and if there is not enough stock to meet this demand ..... its probably a winner.Then it comes down to looking at some statistics, what is selling, who is buying, what is the average days for selling a property. 

I've never found statistics on this, but I've researched it a lot over the years and come to the conclusion that it is extremely rare, but it's also location dependent.

In short, look for properties that have unique features that money cannot buy; tucked into the hills, lots of land, unique land formations, scenic views (not just the ordinary desert view, we're talking real scenic jaw dropping views), etc.One thing to know about demand is that 30% of all active STRS on Airbnb came online within the last 2 years so although the number of bookings is up year over year, those bookings are being spread out amongst more properties which is bringing occupancy rates down.That said, many STR owners purchased at the height of this last STR bull-run hoping to cash in on the craze and are now struggling because they ran numbers using outlier pandemic year statistics.

Statistics do not show a need for the addition of a LLC it is more of a "thing to do".

I'm a recent US Navy Veteran currently residing in California; and over the past 6 mths I've found myself 24/7 compiling all the statistical data I can utilize to dial in to which market I'll be breaking into the multifamily rental property game.

Do all of the analysis you want, the simple fact remains that "In the Federal Reserve’s most recent Survey of Consumer Finances (in 2016), a blockbuster statistic was revealed.

Although now I am trying to find the right way to study more, there must be statistic or so to study to have numbers make sense .For now focusing on BC or maybe NB , but I do not discard AB for sure, like many I looked into Calgary last year :) .I should reach out to know more about the inland market though , thank you Edit: sorry at mention do not seem to workHi Nicolas,As others said the first thing is to talk to a bank or mortgage broker (I recommend an investor focused mortgage broker) and find out how much you can borrow.

Our key features are, schools of course, quality of life, things to do, as well as statistical data for appreciation and rent/own ratio.

Even in the areas where the statistics show crime as a problem it's a block by block thing and people still live there. 

You won't find similar statistics with a 2-3 bedroom property, you might find your numbers are better.