For sure — I’m trying to determine if I’m making a bad move tax wise, or if I should somehow leverage the equity locked into the rental, which seems challenging with the low interest rate of the mortgage.

Tenanted properties are extremely challenging to sell and the recent change in notice period has made that worse in BC.You are in a tough spot either way, only you know your financial situation and your numbers.

Challenges?

Quote from @Katherine Lewis: I would challenge the statement that if you have a great location on a lake or in the mountains that you don’t need the putting green etc.

What challenges did you face during your conversion?

Hey @Devin Bost, it sounds like you’re facing a common challenge in managing short-term rentals remotely.

I would be reluctant if it were a gas station or other environmentally challenged property though). 

Make sure the policy covers not only accidents on the premises but also any potential caregiver liability.Staffing: Staffing can be both your biggest challenge and your greatest asset.

I think since it's 'new construction' I assume it's way more complicated, and I'm sure it comes with different challenges and factors to consider, but as long as you buy it right, have supporting new construction comps, and are confident with your cost per sf analysis, you can hit your target margin - or close to at least! 

It has been challenging looking for a MLS only broker..did you do more research on your side?