I'm not familiar with Canadian regulations but you should look into how you can get access to money if you don't have any.

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.  

You also need to consider any STR regulations.

The first thing here would be the regulations and laws governing acquiring properties, managing properties and selling properties.

Ensure that you thoroughly review your state regulations and display the necessary notices before changing any locks or removing any items left behind.

If you are able to manage it yourself, I think you will get a lot of very helpful education in real estate by spending a least a year or two doing that.You'll be able to work with property managers a lot better if you've done the work yourself for a bit, and it also helps to get familiar with the various laws and regulations you have to comply with as the owner, even if you do have a property manager in place (e.g., the new RI rental registry and associated lead paint inspections/certificates).It's up to you whether you're able to do it, but I think you'll get a lot out of the experience if you can try it for a year or two.

That could mean fewer lending regulations overall, which would be amazing.

Always research local regulations before investing.The Importance of a Local Investment TeamA knowledgeable local team is essential for success.

I don't see them ever reversing the regulations.

Start by researching local regulations and working with an agent experienced in vacation rentals.