This criteria is for 1-4 and 5-8 unit programs.

Quote from @Jeff Roth: Hi Lina from Texas-Congratulations on your interest in investing in mid-term rentals and you are wondering how and where to get started.I get this question frequently from investors.Sometimes and investor is looking to keep their property cashflow positive as insurance and taxes have squeezed cashflow by turning units into mid-term or short-term rentals.First off, ideally, the property will cashflow as a long-term rental should something disrupt the mid-term rental model.You will also want to have the property be near where there would be a demand for mid-term rentals (hospitals, universities, research centers).Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.There are property managers that will manage mid-term rentals for you and I always advise my clients to use property managers to keep their investment as passive as possible and for compliance issues related to Fair Housing Laws and local regulations.To Your Success! 

@Cameron Marro - I would work to get her out, move in to the bad unit and rent out the good unit. 

If you are getting buying now in TO & Niagara, you will need to have a large down payment for the units to cashflow. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

You can get a much better return on your investment elsewhere and with $500k you can buy 3 homes or a 4 unit.  

have a rental (multi family 2-4 units) needing major rehab. interested in learning what work can be learned/performed easily and what needs to be hired out to a contractor. recommendations for learning resources for DIY rehab (good youtube channels, etc) would greatly appreciated!

I have a tenant in one of my units who has filed for chapter 7 bankruptcy.

Even if one unit is vacant, others can keep cash flowing​​.Short-Term Rentals in Tourist Areas:Think vacation homes or properties in bustling city centers.

I am planning to self manage as well and since there aren't many managers in my area I will likely employ a similar strategy once I decide to outsource the management.