well if there money is tied up that must mean there is some .. so thats good news right :)

@Rene Hosman Did some research on these options and found some unfortunate news.

But the competition is high so cash flow or even break even can be an unphill battle unless you're willing to put money into the property.

The good news is that there are still investable vacation rentals but historically the barrier to entry is growing each year. 

We like the short-term rental idea because we could stay at the property ourselves when we want - summer break, spring/winter breaks, etc.Our budget will be right around $1M or less ideally, and we would like a short distance to the ocean.How likely is it that we could find a property as described above and have it cover or come close to covering the mortgage? 

Additionally, despite the houses being newly renovated, every month there were new expenses and something breaking, almost as if they want me to not cashflow.

About 3 months have gone by and we just received an email from a communications company billing us $4,000 for breaking a communication line buried in the yard.

Let’s break this down:The case for holdingThe 4.75% interest rate is a valuable asset in today’s high-rate environment.

From all the news about Ontario it seems like rents are dropping.

All of Bernie Madoff's clients thought their accounts were in great shape until the day the news broke.