The ultimate goal would be to rent it out for short term stays or possibly as an event venue (in addition to being on farmland, it's surrounded by pine forest and waterfront).

Additionally, prepare financial projections, including cash flow forecasts and ROI calculations.

After getting a lot of interest the first weekend on market, no offers came in.

In addition to doing specific addresses, I can also compare zip codes, cities, counties, or states.

If a tenant signs a year lease and only stays 4 months, I incur excess vacancy with the additional turnover.

Additionally, there is around 0.4 acres of vacant land at the back of the house.I'm considering constructing either one or two additional units on this vacant land and renting them out.

I went into the course assuming I was paying $10k for a streamlined acquisitions process but what i got was two days of narcissistic self-aggrandizing guru garbage, a “mind map” that looks like it was thrown together, 34 “strategies” that can be found for free on BiggerPockets sprinkled with juuuuuust enough guru gimmick word vomit and hand waving to impress the eager and inexperienced, several of which were repulsive and absolutely predatory..Instructing students who get their offers turned down by a seller to walk out of the appointment, get in their car and blast out the property out to cash buyers anyway..  

A few things to consider: are you increasing rent each year to at least try to recoup some of the additional costs (everything goes up, so why should the family member not pay more-if it is your parents, it is more complicated), how much has the condo appreciated over the last 3 years since you bought it, and what would you do with the money when you sold?

I offered to fund rehab in 2nd position to learn the ropes.The best advice I've been given about real estate is that it's all about relationships.

I would talk to a mortgage broker in the US who works with foreign investors and can explain your options, but I would also definitely contact Canadian banks to see what they can offer.