NL is close to both 290 and the Pink Line, and close to the Medical District, great for medical staff and possibly traveling nurses.

And buyers can’t borrow $1 more than 75-80% of the comped value of similar non-STR homes.

If you want real yield or cashflow, you have to buy in a non-vacation market that is not top of mind for an STR.

I’ve come across details regarding the Prohibition on the Purchase of Residential Property by Non-Canadians Act, and it seems there are exceptions for buyers with a valid work permit or for properties outside Census Metropolitan Areas (CMA) or Census Agglomerations (CA).Do you know if certain types of work permits are more favorable for this purpose?

We would also like to know some strategies on lease renewals during non peak months.

And many times the houses were not touched.. so sweat equity.there were companies in Texas that would prey on non English speakers.. they trolled BP a few years back. 

@Kasey Hardt very interesting,  didn't realize this was a pattern but even I've got friends that are getting recruited to the area for medical device startups etc, so could be a very interesting trend to watch.

.- Bulk Purchases & Portfolio Acquisitions: Banks and hedge funds often look to unload non-performing assets in bulk.

The SST doesn't apply for legal 2-flats so if you want to use FHA it's probably better to target those that maybe also have a non-conforming basement or attic unit.This is why the 5% down conventional loan is a game changer for house hackers.

Non payors for 6 months to a year.