Hello, I am considering a medium term rental myself for a period of 60 days, and was hoping to develop a solid pitch for the homeowner to provide payment outside of the airbnb platform.

A few things I haven't liked about lending include the concentration of risk and the high tax rate.

Said she paid regularly but often in one dollar bills that were kinda moist.I agree with what the others have stated regarding terminating a month to month lease (as opposed to an eviction since you have to actual evidence to show her possible "employment").Just be certain you are aware of how much notice you have to provide, when and how to provide her with this.Gail

Or will a HML provide us a loan just for what we need to finish, then we could cash out refi?

As such, planning ahead and working with a cost segregation firm that is highly experienced with 1031 exchanges is key.Definitely reach out to your CPA and/or certified cost segregation professional. 

Since the banks in Canada do not count your rental income at full value, your GDS/TDS ratios will be out of wack as you get more conventional mortgages and at some point you'll be topped out.

I have some properties that are in good condition that if I could get an offer of 85-90% of market value without realtor fees I would happily take for a quick sale. 

I work on the Story team and am happy to answer any questions or provide a live demo.Feel free to send me an IM or ask here.

Median sale prices for Melrose (single family homes) in the last 3 years are as follows:2024 (year to date): $590,0002023:     -->              $535,0002022:     -->              $502,500With interest rates expected to drop several times from the end of '24 into '25, many believe that property values will continue to rise.If you are concerned about tenants not paying, I'd recommend:- Do not rush into accepting a tenant.

Upon receipt of a $10,000 wire transfer or certified check, which would be applied toward the commitment fee, we would provide you with a draft of a loan commitment containing the terms and conditions to be reviewed by you and your counsel.