Quote from @Steve Tokita: I am an out-of-state investor living 1500 miles away from three properties that I am currently renovating to rent or to flip. 

There's always gonna be poor people and those poor people are always gonna need a place to live.

@Holly Radice so I own in Barnum but do not do any STR as I don't live in the area.

The couple who lived right next door to our development have an old home that they rent out- it's about 1000sf on half an acre. 

I don't live in CA, and wasn't aware of the Prop 13 passing to the next owner if it's parent to child and both live in it as their primary.

He would need to find a place to live,which would take money off the table for collateral in his next deal.

I'm planning on buying a small multifamily first and foremost so I have a place to live and then will either buy a single family or another multi family depending on what I can find/fits my criteria at the time.

We now live in Arizona and I frequently fly back to the southeast to repair or inspect the properties and already deduct the travel, lodging, and half of the meal expenses from my taxes. 

Quote from @Allison Cutlip: Hi all, My boyfriend and I are buying our first home that is a duplex, planning to live in one unit and rent the other side.

Add to that there is currently a ban on foreign buyers in Canada (only a few exceptions and as far as I know they all involve living here).Capital gains taxes apparently used to be higher (before my time).