If you're interested, I can share with you why I did that and my strategy moving forward over coffee anytime.

Hi Chelsea,The strategy of transferring the property into an LLC is for cases where you use a conventional loan.If you opt for a DSCR financing, you can buy the property with LLC vesting easily.

Happy to discuss all of these strategies over the phone just shoot me a dm.

I currently live in Toronto, so I don’t believe house hacking would be possible, but I am aware of that strategy  

I’m interested in learning all different ways and strategies to find my own path. 

Look at any graph youwant, but just realize what really matters is what your "ONE" property is worth.5yr term isn't bad, but you need to have a solid plan to get that paid back.brrr is a great strategy, however, its difficult to pull off 100%. 

Primary reason for wanting to do STR is because I'm interested in gaining hands-on experience with this strategy so I can apply it towards longer-term goals in more traditional vacation markets. 

@Jaquon MillerA strategic strategy is necessary when investing in real estate.

This strategy yields higher returns in all metrics than traditional rental spaces.

The first thing to ask is your exit strategy on the second property - are you simply buying a rental or doing value-add?