property taxes?

The major con is this tax implications (much higher), but you are closing.

I like the idea of investing in Vancouver Wa. for the tax break, but I know little of that of that city too.

The issue here is high capital gain tax, the 30K capital gain will be taxed with 25% + your personal income tax, when you two are able to invest 80k-100k the first years and later 200k-300k then your tax bracket is already very high.

My thinking is that a house for me has little tax or financial benefit while investment property does. 

Real estate specific tax law is very complicated and dynamic.

The reason goes back to RE investing 101 - you make money on equity, deleveraging, apreciation and tax shelter - cash flow is actually the smallest, while still absolutly vital to keep your biz alive. 

These markets are unlikely to see homeowner demand being diverted to rentals for economic reasons, given the tax advantage of ownership and the potential for equity gains.

. #3: Check taxes and insurance for the state.

Why are we paying this: He didn't pay taxes or insurance on the house for years, voiding the agreement.