I’m honestly surprised it’s not ranked higher in the industry.

If you have insurance, generally, there is mold remediation coverage. 

This is one area where it helps tremendously to have per-existing relationships with people in the industry such as family or friends.

The right agent will have worked with Canadians before, will have lenders set up that can work with Canadians and will have a seamless process for management.Not only can an agent set you up with a GC, property manager, lawyer, insurance broker, inspector and everything else you need, they can analyze deals and put numbers in front of you.Your job as an investor is to vet the vendors they are providing and double check their analysis.  

Insurance Agent8.

I wasn't around hosting during the COVID days & certainly sounds like they should've honored the hosts cancellation policies but know COVID threw a wrench into everything, no matter the industry.

Make sure to account for property taxes, insurance, and any HOA fees, as those can vary significantly in different markets and impact your cash flow.

Do you think it's common for a tenant to sue for an amount greater than insurance can cover, then take your property or even your personal assets? 

This is a passive way of earning with real estate-based security, protection and insurance.

And a debt note is only part of the cost of owning a property; not paying taxes will get a property foreclosed; not paying insurance can present huge exposure to damages.