When I look at other short term rentals online, they're all shacks for $80-100+ a day.

Document every unauthorized guest and calculate what the rent income would be.

Here's a breakdown for a rent-by-the-room investment property in Denver: - 6 beds/ 3 baths- Purchased in March 2024-Monthly Income: $5,300: Master: $1000; 2 large bedrooms upstairs $900; 2 bedrooms in basement: $850 and one small bedroom for $800-$300 Reserves-$3500 Mortgage Payment-avg $500 in utilities=$1000 in monthly cash flow! 

Like in the US, it's the residency and where your income is earned that matters.3.

We would then use the short term rental income to fund the long term multi family portfolio state side.

Additional income and to grow equity.

However one has $3,700/mth in income while the other has $1,875/mth.

I reviewed other market conditions (population growth, median household income, etc.) and I ended up passing up on this deal since it didn't have a population growth over the past 2 years. 

I had to sit down to really think about what I wanted after retirement and I want passive income.

I want to replace my income within a reasonable timeframe, so I'm looking at a syndication mentorship with a "guru" who claims I'll close my first syndication deal on a commercial multi-family property within 6 to 12 months.