I know plenty of investors that don’t take security deposits but that’s because in MA the laws around security deposits create a lot of liability for the landlords.

For easy math 25% of 2,000,000 is 500K.  

On the other hand, maybe for the two lemons you agree to lower the price so that you can address the problems with those properties.There's no substitute for doing your homework.

I'd suggest you form your own opinions of course :)  1) Kelowna: Has a strong rental market, but It may be tough to find strong cash flow on a property with only one suite.  2) Kelowna: The summer Short term rental combined with Off season student rental combination is making folks big cash flow right now, but it is growing more competitive.  3) BC: I second the comment made by @Brianne H.4) Vernon:  If you spend the time to look you can find deals here  5) Have good Math

Feel free to write me a separate message if you’d like to discuss further.Also, if you’re thinking about doing short term vacation rentals within the town of Boone, make sure to do your homework.

My word of caution: just as you would do with any rentals you're researching, really do the math on what your higher payment will mean to your personal expenses.

It's just a math question you have to answer, if you pull out 60K at 5.5%, can you invest it to get 9%, if so why wouldn't you profit on the spread.  

I’m still doing the math on it.

Do your homework, what is the market rent and can I get market or more by investing in the property; just be cautious about overimproving.

Hey Anthony, welcome to BP and way to go for doing some homework.