Thanks @Dave Skow@Daniel Alhadeff The property was in the Seattle area but I decided to not go through with it because my backup was to rent it out as a room rental if the AFH didn't work out but the property would be hard to run as a room rental.

Most locals on Biggerpockets seem to think that Calgary is almost at the point of becoming unaffordable or extremely challenging to find investment properties.I work out of Winnipeg and invest in Winnipeg as well.

LTR is a great strategy it's just cash intensive. 

Pros Of Long-Term Rentals:Stability and Predictability, Lower Turnover CostCons Of Long-Term Rentals:Reduced FlexibilityPros Of Short Term Rentals:Higher Potential Income, FlexibilityCons Of Short Term Rentals:More Intensive Management

Best of luck, If you have done the math and it is a good deal it will work out fine.  

Have a workout split, plan, and goal for the next several years.

While it may work out, it sounds like a real long shot especially with the splits and fees as they are! 

@Conrado BalicustoMy thoughts for you…Long term holds are much less labor intensive than short term rentals.Cheaper C class rentals will let your investment funds to go further than buying A class properties.  

The market in Indy is less saturated compared to Texas, making it a great option for newcomers looking to build a solid portfolio without facing the intense competition.Feel free to reach out if you’d like to chat more about strategies, market opportunities, or just exchange ideas.

I love the area however, I have done a lot of research and am having a hard time making the numbers work out in terms on COC return.