Looking to get into STR's as a Canadian

[Tyler Wong]

Hey everyone,

I’m a Canadian resident looking to buy my first short-term rental in the U.S. I’m hoping to learn from people who have done this before — mainly around financing, taxes, and choosing the right market since I’ll be managing everything from Canada.

What lenders work best with Canadians, and what down payments or rate premiums should I expect as a foreign investor?

• Is it easier to finance as a Canadian using a DSCR loan, a foreign national loan, or personal income, and can projected STR income be used?

• What U.S. markets are best for remote owners who need stable STR regulations, strong year-round demand, and reliable property managers?

• Are there any markets I should avoid right now due to instability, strict rules, or weak management options?

• What's the best ownership structure for a Canadian (personal name vs. U.S. LLC), and what tax obligations or withholding rules should I expect?

• Are STRs still worthwhile after factoring in PM fees, insurance, repairs, and higher financing costs for foreign investors?

Thanks in advance — any experience or guidance helps a ton.