However, I disagree with your comments that the investor buyers who buy these homes have a greater appetite for risk and know the risks that exist.

I have  a W2 job and look forward to the losses this year to offset some of my income (Not my 'WHY' for running an STR, but a nice bonus).

If you have a lot of liquidity and a great paying W2 and can support your rentals, focus on appreciation/equity.

Quote from @Michael Goddard: I know the area and have already looked at this property.

Hey Patrick, Do you have a US credit score or do you have credit in Canada?

Hi Kam 👋 There’s so many ways to make money in real estate and they all have their pros and cons.

If it is a class C office building with 10% occupancy that is very different than a Class A MF which is still very different than a debt fund with zero leverage.As mentioned risk and return go together  - greater risk should have greater upside

Went from a single family flipper investment to a duplex for more cashflow How did you find this deal and how did you negotiate it?

He and his partner have been in the SoCal business bank world for 40+ years, and entered it at a time when local banking was what businesses did.

The seller was in a must sell situation.