Yeah, I'm DEFINITELY eager to take the leap, but I'm timid to do so prematurely.

The person living in it bought the condo about 10 years ago from my seller on a REC and prematurely stopped paying last year.

So if you artificially try to keep down expenses you end up with deferred maintenance which, in many cases, can lead to premature cap-ex expenses.  

If i were the son i wouldnt sell to you at any price if you hounded me about selling prematurely.

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.

Then your message is premature.

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. 

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.

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.

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.