That is why land development as an example for multi-family carries extreme risk.

Given my tech and data background, I'm considering developing an online app specifically for Canadian investors.I'm envisioning an interactive dashboard that integrates economic data, sales figures, bylaws, and rental information, complete with prediction models.

@Sanjeev Advani you forgot the most important thing - written and well-developed processes.

Maybe you are better off renting for now while focusing on increasing earnings, saving, and developing a plan.

My personal soapbox statement - Airbnb is an abusive spouse that slowly people are waking up to realize they are in a controling abusive relationship and they start to develop an escape plan (more platforms/direct website) so they are no longer relying on Airbnb.

As you build up equity or cash you can start to grow into mobile home parks, SFH, fix flip, MFH, land development,’etc.  

Potential outcomes include develop and hold/rent, lease to developer, and joint venture.

Role in Real Estate: Crucial for new real estate agents, brokerages, or developers entering a market.

I have a very diverse skill set - most importantly, good professional communication, process development, an financial literacy.

Their occupancy was limited to mostly weekends, but I think I can develop that more and recoup a lot of unused days.