Judy,I may be about a month premature, but I ran a property management company in Western PA for over a year; we had 82 properties.

I think some of the advice above is a bit premature.

That said, in many jurisdictions there are specific circumstances where you can terminate leases prematurely, examples are if you, or an immediate family member, are going to make a unit/property your primary residence; if a substantial renovation is to be undertaken which necessitates the property or unit be vacate; or if the building is to be demolished.I am not certain if BC permits termination of leases under such circumstances.This property is in a desirable area, but is none-the-less overpriced whether you were planning to reconfigure it or replace it.

My question may be a little premature since I don't even have the property yet, but I'm playing chess with myself and trying to think ahead/map out my strategy and goals. 

No need to jump on one of the existing offers yet - it's premature at this point. 

@Asare NkansahA premature welcome to Denver.

I guess I could be pre-mature in assuming how this shakes out.

Some will do it automatically for you but  just don't jump the gun and ask for a limit increase prematurely because if you get denied it could hurt your future requests and you may have to wait about 6 months or so to try gain.  

We were still in phase 3 at that point, and prices didn't peak until May of 2007, even though volume started falling in November 2005 (which combined with the fact every buyer I sold to was using a pay option arm was enough to spook me).Given that we have not yet seen a similar decline in volume, and  since it took 18 months from volume declining in earnest to the market top, I think there is a good chance to think calling a top now >might< be a little premature.

Not sure if calling myself an investor is premature or not since I haven't done any deals yet, but at least it's optimistic.