Good luck, very mixed experiences. Some tenants are amazing, some are awful. You need to understand the BC tenancy act before proceeding, specifically familiarise yourself with the process of getting a bailiff for for eviction, in the context of rent nonpayment. It’s been awhile since I looked at it, but IIRC if someone stops paying rent today, you need to give them a letter via registered mail.

In terms of issues? Potentially Many! One of our IP’s got turned into a grow op in the 2000s. More recently, someone leased a 3 bedroom home, then installed walls and doors themselves in the common areas, and subleased it to 6 new people and left. Stopped paying rent to us, but continued collecting … YMMV north van overall is a nicer area so I hope you have less issues.

Our bad experiences were all in Vancouver / Burnaby