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

But the previous poster was correct. 

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

They bring food and hats and other marketing materials.

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).

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

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.

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.

I try to read books on different kinds of realestate investing and house fliping and I do think that they are useful but the information never seems to have a correct fit.

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