Regular meetings and smooth communication keep everyone on track, marching toward that glorious goal.So, no more flying by the seat of your pants.

Having experience building a business will help with your real estate investing, as you'll have the communication and organizational skills required to be successful.If you’re looking to invest long distance, I definitely recommend building your core-4 team.

I did look at some of the material participation criteria and we should easily surpass the requirements since we pretty much spent time improving the home ourselves, managed all guest communication, etc.Thoughts?

Definitely read all their reviews, see how they communicate and look into the company's reputation. 

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

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).

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.

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

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.