Understood there are other factors to account for including loan pay down, tax benefits, lower rent etc.

@JD Martin the biggest issues have been related to furnaces, hot water, a missed clean, and broken hot tub. generous refunds have ranged from 25-100%, it really just depends on variables like nightly rate, guest demeanor, impact on their stay, etc. 

From what I see on the market, houses are cheaper than most areas in the GTA while rent is still relatively high.Especially if you can find a SFR and convert the basement into a secondary suite, will definitely cashflow positive.

We have an excellent team of cleaners handyman and other local professionals and been in the business for five years.What are the costs vs benefits of each platform?

Lastly, don’t forget about the tax benefits, you can often deduct mortgage interest, repairs, and other expenses.If you need help navigating any part of the process, from financing future investments to managing your rental, feel free to reach out. 

https://www.linkedin.com/in/bobprisco/AboutThanks for taking a minute (or two) to read about what we do and why it might benefit you too :-)At first glance, we might look like JUST another real estate investment firm.A firm specializing in helping regular people (like us) achieve true financial freedom, reducing risk, maximizing passive income, and saving on taxes…One that delivers 100% hands-off turn-key rental properties to our investors from around the globe.

Account ClosedI received the Engineering Report, ultimately once it cleaned out will be able to better see what i'm working with as it relates to the flooring.

@Sarah Taylor From a tax perspective, you would lose the STR tax benefit if you expect paper losses from the property.

Too many landlords think locking in long leases is to their benefit, when the reality is that it's mostly to the tenant's benefit. 

Many investors see no "hard line" on age as long as there’s strong cash flow and maintenance is manageable, but ensuring you’re prepared for any age-related quirks is essential.