Consider single-family homes or small multi-units to learn the ropes.

We are focused on families and want to sleep 10 or more.

Costs are too high and I'm into this for over 100K.I have feelers out for someone who might accept my lot as participation for an equity agreement in a new build.

Personally, I bought a 3 bed single family home soon after starting my job and had two friends from college rent which covered my mortgage plus a little extra.

Quote from @Brandon Snyder: Adam, that off market inheritance lead sounds like a perfect opportunity for a first purchase.. especially since you’ve already built some rapport with the seller’s family.

Thanks Jaycee,I think to start I am probably looking at a single family just to get my feet wet.

I have not every purchased property in Canada, but my wife is Canadian and I've seen some of the issues her family has had to deal with.  

To leverage the STR loophole, ensure active participation in managing the property.

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

I am considering in investing in Single-Family/Multi-Family mid-term and long-term rentals.