Asking in the correct forum will get a better response.Need a spreadsheet or form?

@Chris Seveney is correct though in this scenario your going to need cross collateral.

@Chris Seveney is also correct in saying "it depends."

But the previous poster was correct. 

Hostaway runs at $150/mo if I am correct plus like $8/mo or something like that for nightly rate management.

What you’re describing, often called Residential Assisted Living (RAL), can definitely be a lucrative and rewarding strategy if done correctly.

The STR deal could be the best option if I understand your situation correctly, except I would probably do this as a cash-out refi and just use the combination of booking history + AirDNA projected income to qualify (if not operated as a STR for a year).

I haven't done any thorough research and my comment was not about the entire Canadian market, I can notice some correction in my local market anecdotally.

Real estate markets correct themselves and normally on a localized level.

It’s been my observation that a lot of today’s real estate investors have not been through a market correction, therefore they're still being aggressive because they haven’t faced any consequences of being too aggressive at the wrong time.