My general rule of thumb is that a property needs to do 15-20% of the purchase price in gross rental income.

To the guy who made the $700 per person income stream comment, as the community grows they'll need to continue to grow the coaching team as the structure of the program is centered around smaller groups of people you interact with on a very regular basis.

Analyze Rental Income PotentialRun the numbers for your specific property.

It’s personal to the employees, who are directly impacted by the work culture of the business and rely on it as a source of income.

Keeping the Vancouver property could provide strong rental income, long-term appreciation, and diversification, but it also comes with tax implications, foreign ownership rules, and management challenges.

Insurance-  we had 18 months of full lost income coverage.  

The worst thing is to pay for a service where you don't get a benefit.If you have STR's and actively manage them, then there is a good chance that you can treat the propreties as active instead of passive which will allow you to offset the losses with other forms of income such as wages, interest, dividends, gains, etc.

However, capital gains tax (if not exempt) and transaction costs could eat into profits.Cash-Out Refinance- If rental income covers both mortgages, this could scale your portfolio faster—but be cautious of higher mortgage payments and interest rates.If you have any other question, send me a DM or email!

Increase earnings, reduce expenses, save up, and invest.

If debt concerns you, look at DSCR loans, which qualify based on rental income instead of personal finances.