My first purchase, first property, I had a great realtor.

But we do not want to sell our current home.

Has anyone who invested in non performing notes at Prereo actually been paid after selling the property?

You got the lower down because the property is owner-occupied.

I am a resident of Virginia and purchased a rental property in West Virginia during 2024. 

I wonder with Canadian economy struggling if there is potential to purchase distressed properties that could be converted into long-term rentals or successful AirBnbs (especially in the cabin markets that have been hit hard).

See if there are cash-flowing properties to be acquired…. in less desirable neighborhoods I suppose (Glen Burnie, Dundalk?

The one guy I spoke with said they make money only when they sell to potential investors and they only sell new construction homes that are usually pre-leased to buyers (currently they are building in Texas state and Missouri State).

I would make improvements to the property only when doing so would cost less than the value added to the property.

After much consideration, I've resolved to take action and pursue a BRRRR property.