The shift in rate environment could also accelerate the luxury STR market as inventory is exceedingly low and jumbo rates have fallen precipitously. 

Also, I'd love to talk about the our new luxury style short-term rental retreat that I purchased with other investors in Costa Rica.  

Do you have zoning permits, building permits, utility approvals?

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

You get an estoppel from each tenant saying this is how much rent I’m paying, this is how big a security deposit I gave, here’s who pays for utilities, when my lease ends, etc etc. 

Or that they’ll be able to use a highly sophisticated technique that can really only successfully be utilized when all the stars align and in circumstances that occur irregularly and need to be recognized as such, always by an experienced real estate investor.  

There is capital in the system to be utilized. 

I've been thinking about how to best utilize my current residence.

Hi Sean..fellow Canadian born in Oakville here..I work with international investors regularly here on the Oregon Coast primarily with coastal luxury STR’s and multi family.

Remember your costs will be more for an STR, you'll be paying for a lot of things you wouldn't with an LTR - higher STR insurance, all utilities including internet, supplies like toilet paper, paper towels, dishwasher detergent etc, upkeep on furniture and linens if damaged, yard maintenance and grass cutting/snow removal, trash removal, etc.