Absolutely! My wife and I bought our first home and are using our basement suite as a STR. We strategically bought within a few minute drive to the local hospital, within walking distance to the lake in the centre of our city, and within walking distance to a full service grocery store, restaurants and coffee shops. In our first year we generated just over $32K in bookings. AMAZING for only using half of this property. When we eventually move out and have both units running as STR's - this single property should cashflow +2,500 - $3,000 each and every month, on top of the principal pay down and home appreciation. This has been one of the best investments I have made in my life (I am 31 years old). Getting into STR's (strategically), has allowed me to clearly see the path to financial freedom and boy does the future look bright. Can't wait to scale up and do more!!

there are more and more units available in our neck of the woods which means less booking. Prices are dropping significantly. I see a lot of rentals available for the upcoming high season. I also discussed this with a nearby hotel manager and he confirmed less bookings for the upcoming high season.