I've made the decision to move ahead and really start developing a business plan/strategy and to begin engaging with the BiggerPockets community and my local REI community.

The price sounds really tight, in case the rehab costs are more and then hard money loans, points, fees and closing costs when selling.  

sounds great!

I'm not saying that will happen for sure in Vancouver but I don't see a huge long term drop in prices so if the deal works (and it's in a sound building) in this market then I would say go for it.  

Not the $10 jobs like cleaning, it's sound advice, though I do quite a number of $10 jobs myself!

However, I can’t get average maintenance cost, vacancy rates, risk information from them based on their portfolio (they hold this information close to the chest) which is what makes BP such a good sounding board for me..

Account Closed That sounds great.

@Nathan Weaver that sounds like a good plan!

Welcome @Jennifer Story, sounds like you're on the right track, this site is great for networking and getting a ton of real estate information.

If the woman is elderly the whole transaction might be disallowed as the woman might be deemed " Not of sound mind and body to enter into a legal contract."