Challenges?

It's going to challenging as a first time investor trying to convince someone to lend you money with no proven track record. 

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.

Tricky with current interest rate environment, as a refinance makes no sense rn.

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