I let people know upfront what is the required minimum monthly income, what is the total required move-in money (I pro-rate the second month), length of time on job,  no accounts n collections   etc.   

However, it will likely lower future cash flow so it is a time-value of money play (and perhaps income tax bracket matching... ie, big deduction during a one-off big income year).Two properties... one with cost seg and one with out will have the same depreciation taken at the end of its life (27.5 or 39.0 years).Also keep in mind that STR usually requires 39.0 years of depreciation for the primary building asset.

The property required only $1,500 in minor renovations, making it a low-risk, high-reward investment.

Are there minimums you’re required to sell per year? 

I looked at a storage facility at one time and was told 65% down would be required.

If the vacancy is due to location, you might require a higher ROI to compensate for the increased risk.

The property required only $1,800 in renovations, making it a low-risk investment.

The property required only $1,800 in renovations, making it a low-risk investment.

They only require bank statements for approvals.

Look for lenders with experience working with Canadians and who understand the unique challenges and requirements involved.Consult with Canadian Banks: While you mentioned that Canadian banks have strict stipulations, it's still worth consulting with them to explore your options.