Here was an interesting article on the topic: https://www.hawaiibusiness.com/leasehold-properties-a-deal-or-a-drain/"The landowner, or “lessor,” is usually a large royal trust, a family or an individual who has elected to keep ownership of the land and generate income from it instead of selling it.

I HAD my BIG failure and boy did I ever royally mess that one up!

Canadians...

Im looking for (more) local relevant info for Canadian real estate markets and investing.

@Jay Hinrichs whether Canadian or US currency, sadly this isn't much money anymore.

The scenario typically plays out as follows:We report to the lender what we are earning for rent (and provide leases when requested); The lender usually says the amount we are earning is over market and not sustainable;They then attribute market rent to each unit of the house and include that amount at 50% - 70% depending on their inclusion rate.The first time it happened, I try to make the case for including the actual rent and the lender countered that they could attribute market rent or strike the property's income (but not its debt) from their calculations.Now, Canadian lenders are traditionally more conservative in their underwriting practices than those in the U.S.A., so you may be fine getting a lender to consider your actual rent on the property. 

Roy, I partnered with a Canadian on a deal.

The whole thing was a royal pain in the neck endeavor.

It's a self-selection for sure, if a host expects full-service for a partial price, agree that's a terrible deal.From my experience, I respond to my guests directly (as a owner, it helps a lot of coz I know what kinds of travelers I want to target - I now focus on snow-bird, golf-goers, Canadian families).In the last 3 months, there is only one time that I need my agent coming over (the guest complained they couldn't connect to internet, even after I called them to try to resolve over the phone).One thing I do learn is the guest really respect & take care my places more, then they know they're talking to the owner directly on Airbnb/VRBO app.

We talked about ICF, his time in Colombia prior to starting this venture, his time in the Canadian Navy, and so much more.