That was my biggest mistake.

But maybe its worth it if you don't have a place to get hard/private money for deals. 

Quote from @Mike Johnson: Hi everyone, I was curious what might be some of the biggest problems to you run into while managing your properties?

One of the biggest risks I observe with flips and first time investors are instances where the project goes over budget or gets stuck in mud, can't sell and even worse the borrower doesn't have the credit profile to refinance out to a lower interest lending source if borrower is required to hold the property as a rental. 

Have lots of property and private lending opportunities in Nova Scotia what types of projects are you looking for?

What we do to make up for it is create a private bedroom listing to hit a different target audience to fill in some of those vacancies.

Starting to consider whether to convert one of my LTRs to an STR. I'm already familiar with some of the basics of how the markets differ, but I'd be curious to hear what some of you have experienced in regard to any ...

We don't practice discussing the details of private transactions publicly, thats just not good business.

What about the thousands of family members and private money lenders who are under the table?

Private money & subto How did you add value to the deal?