if not... i'd say stay local to Canada 'cash flow' is very, very tough right now with interest rates and prices both high

Michael, that's a scary Forum Title at the beginning of a downturn.Australia, China, Canada, California, New York have already droppedand the big banks have recently laid of 100s of high paying mortgage jobs.With interest rates over 5% for most average SFH buyers, are you leveragedfixed at 3-4%?

Rates should decrease, but the issue with that is that when rates drop, people can pay more.

While it is cheap money (interest rate is typically set at prime + 1%) the loan must be paid back using amortized payment over a period of 5 years.

For example, cleaning fees will now need to be included in the nightly rate shown to travelers.

I have a rate of 3.75% Current PITI is 2180 and other expenses monthly are roughly $200.

If I apply the 1% rule, the current rental value is below by about $500, however, cap rate is calculated at 6% and CoC at 3%.

Areas like rural small town Bisbee multiunits are dirt cheap, cash flowing, but factor in the area of middle of no where and not up coming.

Why would anyone want a traditional mortgage or DSCR with the rates where they are?

I recommend spending 30 minutes every month watching the rent rates in your market so you always have an idea of what yours would rent for should you have a surprise vacancy.