Income comes before the credit history as without income stream you cannot pay bills. 

I also have other streams of income so can be patient to build the business.  

It could be a huge cash flowing asset when executed but you want to make sure you have a steady stream of tenants that are queued up and ready to rent these places. 

Like I said my building loan is a private loan so it may just be best to extend that until I can get a STR license without being owner occupied and by then hopefully the rental will be showing as an income stream to a bank anyway.

Short term goal is to have one rental property by 14.11.17 - defintely looking to get somewhat of a passive income stream. 

Pros:Diversification: Precious metals can serve as a hedge against inflation and protect your portfolio from market fluctuations.Tangible assets: Unlike stocks and bonds, precious metals are physical assets that can be held in your hand.Price stability: The prices of precious metals have historically remained relatively stable over long periods of time, making them a good investment choice in times of economic uncertainty.Cons:Price volatility: Although the prices of precious metals are generally stable, they can still be subject to fluctuations, especially in times of market volatility.Liquidity: Precious metals can be difficult to sell quickly, especially in times of market downturns.Storage costs: Precious metals need to be stored in a secure location, which can incur additional costs.Lack of yield: Unlike stocks and bonds, precious metals do not generate a regular income, which can be a disadvantage for those looking to generate a steady stream of income from their investments.Tax implications: Precious metals may be subject to capital gains taxes and other tax implications, so it's important to consider these factors before making any investment decisions.It's important to keep in mind that every investment comes with its own set of risks and benefits.

Plus, multiple streams of income.

You'll get better at talking and developing relationships through it over time and eventually you'll have a consistent stream of off market deals coming through.

Since long term rental revenue is deemed passive revenue, I was told I was not able to claim passive income costs from my active income streams, which included the depreciation cost of my long term properties.

We plan to add several other revenue streams, including renting out onsite storage that was previously included with units, covered parking, revenue gain from a new laundry facility (just completed), and adding amenities such as a grill patio and play structures.We project the IRR for a 5 year hold to be 23%, and a 10 year hold at 20%.