JFC downtown Vancouver condos are 600+, I think I need to get into the AirBnB business. Many are $1000/night!!
So...the place that sold next door was put up on Airbnb two months before the closing date 4 days ago. The house was fully booked all summer long weeks ago at $486 a night.
There's no operating permit, no caretaker will be on site, the septic system is on a single 60" x 130" lot that was designed for a 2 bedroom house. The old house is still in there but it had another house tacked up around it. I think there's 5 bedrooms now.
I doubt the septic system will last a month before it collapses under the load, assuming the Regional District hasn't shut it down or the neighbourhood hasn't burned the place to the ground.
I mean I guess I get the math...$800 K for the house and lot...$486 a night in revenue...so what could go wrong?