If buying direct you will want to setup an entity in the US that can buy and sell the property.

I suspect a pad for a vehicle can be provided at fairly low cost (it could use gravel instead of hardscape).To compound the parking issues, the city has been taking away parking spots for dedicated bike lanes.  

You are missing a lot of steps and costs and forecasting of obstacles.I've been through the BRRRR 100+ times with clients. 

Now it's just sit and wait.Don't give up your home-field advantage, it will cost you more than you think.

This covers the purchase price of the property, any required down payment, the cost of the renovations, and any other costs like holding and closing fees.

Good deals (great deals) are WORKED - negotiated, bartered, set up creatively, and necessitate understanding the opposite parties motivations, desires, needs, pressures, etc.

This would in-turn increase the building value.I have identified total costs and time for this potential change, and was curious what resources or anecdotes you may have to analyze the cost of the zoning change vs the residual outcome and lift in value driven by an increased buyer pool.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Agreed with @Nathan Gesner and @Paul De LucaI'd also set up keywords alerts here on BP so that you can be notified when an area or topic of interest is mentioned on the forums.This will familiarize you with some frequently asked questions and shorten your learning curve.All the best!

That could add cost if the new policy has higher rates.