You’re way better off just sticking your money in the stock market and not having the hassles of dealing with STR tenants! 

All this summer every booking has been last minute, within a week or so of the stay, so it's obvious to me people are still just sitting on the sidelines looking for the best deals since there's so much supply out there.I think it will start thinning out over the next few years - I've seen a few places in my own community that I know were STRs that have been sold as owner-occupied (hard to make a 4/3 STR work down here when you're paying $450k or more), so as that starts to happen more and the building pushes even further out into the hinterlands I have hope for the future.

How can in know if I’m getting a good deal? 

Hey all, does anyone know of a good deal analysis calculator for Canada?

What made you interested in investing in this type of deal?

I have done two BRRRs and am still a huge fan of the value adds (working on a 3rd deal flipping it right now) but would say since covid 95%+ of value add deals do not work for any equity creation even the bs wholesalers send out.

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*This link comes directly from our calculators, based on information input by the member who posted.

Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc.

It might not be a big deal to sell later if you want to do that and it could eliminate some of the stress of the timeline. 

Trying to keep it as long term rental, I'm getting 5/1 arm starting at 7.4, also 75% interest only 6.8%.. what would be the best deal to get out of the HM?