However it is still a very gray area.

Well, it is already gray, so I don't see what more you could do to get in tune with the times.

@Nicholas Gray - it depends on your situation and the deal that you are looking at.For something that you will live in, and if you have limited funds, FHA with low money down is a viable option.My standard terms that I use for residential:20% Down5.5% Interest Rate30 YearStandard for commercial loans:25% down5% Interest Rate25 yearInterest rates are conservative.

It's a very gray line and you really need local RE legal advice here.

Let the cops take the intruder to the gray bar shelter.. if they are trespassing and find a social worker from county to take over..

Originally posted by @Spencer Gray:@Joe S. 

And I know of several cases of multi year holds where the exchange was disallowed because the Service said the exchanger had not demonstrated their intent to hold and were in fact trying to sell the entire time.So as ishy and squishy and gray as it is - Your intent is the standard. 

This topic comes up every few months... here are some threads (search 'canadian books')https://www.biggerpockets.com/...https://www.biggerpockets.com/...My top 3 (in no particular order):-Commercial Real Estate Investing in Canada (Boiron and Boiron)-Making Money in Real Estate (Gray)-Legal, Tax, & Accounting Strategies for the Canadian Real Estate Investor (Cohen and Dube)-

@Chauncy Gray I just converted 1 traditional rentals to STR.

@Mason AdelmanDavid Lindhal- emerging markets I would also read Don Campbell (these are Canadian based but highly applicable conceptually) 97 Tips for Canadian Investors as well as Real Estate Investing in Canada 2.0Read some property management books also, Mike Butler has a good one, the BP Managing Rental Properties one is fairly good, Douglas Gray has a great one (extremely thorough but Canadian based, again, concepts applicable).