Invermere is the central town on the 93/95 corridor (Golden to Fernie) and its surrounding towns are mainly frequented by Calgarians for at least overnight because it's a 3-hour drive so tourism isn't likely to go down, if anything up because of the boom with Covid.

Trying to understand if this is the Collections process where the Debt collector will call the tenant to recover rent before judgement?

There's been quite a boom in properties being bought by investors in our town.

Assuming a 5 cap, that is a $24,000 increase in property value ($1,200/0.05)Boom!

Boom Shakalaka! 

If SFR 1-4 units are based on comps and multis are based on the income they produce, when the market corrects, do the multifamily properties take a hit in value like SFRs?

Warehouses are booming right now in a lot of major markets with intense demand and rent appreciation.

Boom!

You can only rent to vacationers and you can't rent to any of the other booming sub-markets: digital nomads, snowbirds, local residents or retirees.

go to hinds county tax collector and look up the address it will tell you.however if its owner occuppied they are getting owner tax rate which can be half or less of the investors tax rate.Generally speaking though 60k home in jackson can run 700 to 1400 a year..