We're obviously not able to 1031 so my wife and I not only tie up our savings in the project but take the hit on capital gains. 

I think we'd have to know much more about your current situation and future goals as well as more info on the property you currently own.

I was 4 months into my career post college so I emptied my savings account and loaned money from my parents for the down payment.

Look at a bunch of places and get all the info to help make the decision.

They will have a better idea as it isn't just how much you make, but how much debt you have and how much you've saved up for a down payment.Prices in Vancouver are extremely high, so I'd skip it. 

Thanks for a good info!

Self manage, save ~10%.  

Start saving as much as you can.

Thanks for the info Michael.

My plan at the moment is to live at uncles house to save money, finalize things I need to do in my location and find an apartment that has a short term lease of 6 months in Dallas.