Here are some of the basics I've learned over the past 18 years on being a Real Estate investor and landlord.  What to buy? How to get a tenant? And the Tenancy Agreement and running a credit check. One thing I forgot to mention in my video is once you get a good long term tenant who takes care of the place, pays their rent on time and doesn't bother you with minor little things; don't raise the rent!  Let him stay, paying that same rent for years if he wants to stay. Tenant turnover costs a lot of time and money. That extra 2 or 3% you could legally increase his rent by every year does not offset all the time and money it takes to get a good quality tenant like you already have.
 
Here is my personal philosophy on investing in Vancouver and Richmond Real Estate.
http://www.owenbigland.com/PlansToInvest.ubr