There is normally a specific timeframe to do so when the values come out. 

Ultimately, it's about finding the investing strategy that aligns with your goals, lifestyle, and area of expertise/skills/knowledge.

After the eviction, you normally are left with some of their possessions (which is super frustrating). at that point, you would need to store them for a bit (ask your attorney) and then you can toss them if the tenant doesn't pick them up.

For example, (for a normal buyer) on a half duplex your total monthly payment to own a 300k place would be 2484 whereas rent on that same unit is going to be 2100 to 2200. 

However, using a 1031 exchange allows you to defer both capital gains and Normal depreciation recapture in RE asset taxes by reinvesting in like-kind property.For the assets that were segregated as non-real estate, you cannot do a 1031 exchange on Non-RE assets.

Hello everyone: I currently own a long term rental duplex in Bracebridge, Ontario, Canada, which is cottage country and about 20,000 population normally.

It's not "our" conversation and I personally love your insights, whether I agree with them or not.You know I think you've created your own mix of lifestyle/investment purchase.

I'm starting to feel discouraged, and wondering if anyone has any recommendations (wait it out or sell), or if this is normal(doesn't seem like it)?

As far as closing costs go, see below:-Title fees-Title insurance-Hazard Insurance-Lender's closing fee, underwriting fee, or any other flat fee they charge-Origination fee-Attorney fee (if the property is in an attorney state)-Doc fee for closing docs-Prepaid interest through the end of the month you are closing-Recording and transfer fees on titleThat will cover most of your normal closing fees. 

Opinion has no place here.Note:Luck is 50-50.What everyone is content with and labels as "normal" is 0.03-99.97.