I don't like seeing a bunch of blue haired nerds running around crying about how evil their landlord's are for forcing them to pay their rent on time, but I don't want being a blue haired nerd to become a criminal offense.

To answer your question @John Thedford, PPR's current fund pays 12%.   

If they haven’t been paying and causing problems why would you want them to stay?

One thing to think about are the tax implications of being a Canadian paying US taxes.

Now, you need to figure out how to find deals and pay for them.

They’re like mini-dictatorships; even after you pay them off, HOA fees keep piling up, and it starts feeling like a timeshare.Miami, while beautiful, isn’t known for cash flow unless you have deep pockets to buy beachfront properties and can afford to take losses while waiting for long-term appreciation.

Two things are certain, 1) taxes are lower today than they've ever been in the past 80 years. 2) they are certain to be higher in the future.We should all be focused on paying the lowest “lifetime tax bill” not the “lowest tax bill this year”.By paying 20% and settling up my long-term capital gains is not a bad deal.

They're paying for results.  

For example if you think the house is worth 200K fixed up you need to pay 100K to afford the hard money loan and rehab budget and still have a profit.

But keep in mind all these options still require logging your driving trips, and having a home office if you're claiming trips from home to the rentals.