Before offering my perspective, I should mention that I’ve built a 9-property portfolio using the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat).

Any first‑steps advice you wish you’d known?

Also, if it turns out they did make changes without permission, what are the usual next steps in BC through the Residential Tenancy Branch?

Yes, I will find out what my lender is thinking about the rate reset, all the steps to take and paperwork to complete etc... but may I ask what in your opinion is the best structure for my loan, and what kind of flexibility on loan structure should I ask for?

The IRS recognizes 6 methods for conducting a cost segregation analysis. 

Most of my background is on the operations and management side of real estate—budgets, maintenance, vendors, tenant experience, and owner relations.Now, I’m looking to take the next step and start investing in rental properties myself, with a focus on cash-flowing single-family and small multifamily deals.

Hi Jimmy, Thank you for above advise on the next steps to take!

Welcome to BP and congrats on that first step! 

Suspended LTR depreciation/losses often aren’t lost, they can carry forward and may be released when you sell, so the “can’t use it” point may be overstated.Real estate sale taxes aren’t just 15–20% LTCG: depreciation recapture, possible 3.8% NIIT, and state tax can raise the effective rate.A 1031 has strict deadlines (45 days identify / 180 days close); if you need more time, consider reverse 1031 or a more passive “parking” option like DSTs.STRs can potentially offset W-2 income, but it’s more complex than “100 hours”—material participation rules and documentation matter.Cost segregation can be powerful but only if the deal supports it; it accelerates depreciation and can affect future recapture.Consolidating into fewer properties can reduce operational risk, but watch market/regulatory/insurance volatility.Best next step: compare hold vs sell taxable vs 1031 with full tax/return components (recapture, NIIT, suspended losses, timing risk).Always consult with a CPA who specializes in real estate.

Multifamily is still the long-term goal, but it simply doesn’t seem available in this area right now.Switching areas isn’t an option due to my kids’ school and nearby family, so I’m trying to decide if this “stepping stone” approach makes sense or if it’s better to wait it out for the right duplex.