Others purchased smaller properties, and sold their lots to builders.

Not as many hotels in the area except next to some ski resorts but during covid it got crazy. we bought one for $25k at a foreclosure sale in 2015 and could not give it away in 2019 for $50k then in 2021 we sold it for over $120k. 

I'd love to see a copy of it as I'm dealing with a potential tenant who's pushing things a bit.

However, if the property is sold while financed (there is a loan on it), a portion of the gains will be subject to UBIT. 

.- Tell them they'll have to provide you with a copy of their renter's insurance naming you as additional named insured, with a minimum of (I use $300,000) liability insurance, also before they move into the unit.It's not perfect, but it's a start toward a tenant transparency.

I saw on zillow it was sold 3 years ago for 800k.

If you sold it for $500K (after expenses) and invested it in a savings account (or some in a RRSP or TFSA-up to your limit), even at 4%, you'd get $20K a year.Also what province is it in? 

And keep in mind; getting sold and getting informed are 2 very different things.

Zillow lost so much money that they decided to exit the flipping business, while most of the OpenDoor properties we see in Las Vegas are sold at a loss.In my experience, software can only go so far when humans are involved.

The marketing copy and photo captions, professional photos, and weekly activity on the OTA listing, makes a big difference in bookings.