In a competitive market, finding a good deal might require some extra time, and creativity.

Hey everyone,Wondering if there are any STR investors in the greater Vancouver Area that I can chat with. I'm wanting to turn my LTR into a STR but not really familiar with the whole process and if I can pull it off. ...

How does it work if the neighbor reimburses me 100% out of pocket and then I submit a claim and get extra reimbursement on top of that? 

P/S - The home has a full unfinished walkout basement I plan on turning into a one bedroom apartment in the future for extra income.

@Charles CarilloI hear what your saying.The the property I’m looking at will have a payment of 1500 for piti and interest only is 1175 that’s an extra 3900 for the year.Am I thinking the wrong way because the banker don’t agree with me either?

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Or they don't want to go through the extra process that FHA loans require.

Those are extra.  

My tenants are going to be paying down the loan and the extra $14k that I had to pay for the refinance.

And wishes to pay $320 in rent instead of $340 and would like to be reimbursed the 'extra' she paid the previous four months.Obviously I feel that's a bit foolish as just because you have changed your mind you signed at that price, a new lease will now need to be signed and negotiated but no reimbursement.