The rate will also be high. 

Hey Rebecca, I'm a broker and investor up in Sacramento and manage about 100 investment properties (STR and LTR).Many of my clients are high W2 earners seeking "bonus depreciation" to offset tax liability by investing in STR.

Good luck chasing them down to try to collect as it's just not worth it:(

Ranges can be fine if they’re in good condition, but inspect them thoroughly.

That is good pricing. 

This shows motivation to sell and you as an agent/buyer will be the good time to jump on it to make it happen! 

You should also note that you can only use it personally for 14 days per year (which is the same as the US but since many also look for it to be a vacation property, good to note).

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

It's really no different when you get the loan against the properrywe work with a good commercial loan officer if you ever need a recommendation 

So the question is whether your house is a good rental investment long term.