You buy the room(s), put it in a management company and monitors the performance of the organisation.

When it comes to deciding on the organisation of your business a lot will depend on your goals; whether you wish to retain the earnings in the U.S.A. or have them repatriated; and your present situation at home (salary, other income).  

Thanks for the adviceThe place was filled with trash but still better than an un-wanted tenant 

I live in Birmingham and would like to organise a BP fans meet up somewhere in the West Midlands to talk property!

Technically in the eyes of the law, they still are a tenant, roommate, unwanted guest, even if they aren't paying rent. 

@James Davis @Nicholas SteinkrausConsider the purchase and sale of unwanted rural land in South Eastern California.  

The answer is it depends on your personal situation and my advice would be to see your accountant (or find one) and determine what ownership approach is best for you in the present and as your plans evolve.If you search the {Canada} forum(s), you will find a few threads discussing organisation of property ownership.A quick list of things to consider are:1) Taxation:  Most real estate investments are considered passive income.   

It's also trying to curb granting short sales to people who have resources available to continue paying unwanted mortgages.

I'll take an unwanted credit hit but the goal is to move forward making better decisions.

As a new investor, I would be interested in these "unwanted" properties.Thanks,Ed