Hi Pari,It looks correct, but needs a 3rd schedule. 

I do know a property manager who operates LMNP in Paris and has many expat as client, but no accountant, PM me for more details if you would like to be put in contact with him.

Technically when you sell, the money to retire the mortgage will go back into your SDRSP and will not be available to re-invest in your next property.In that case, if your SDRSP is capable of holding the entire mortgage of the buyer ... or if the buyer finds another lender for the balance and you are willing/able to hold the current outstanding mount as either a second or in pari passu, you might simply replace your non-arms length mortgage with an arms-length mortgage and have your registered account continue to be the bank.  

Don't forget this story:http://www.nytimes.com/1995/12/29/world/a-120-year...Basically a 47 year old man agreed to pay a 90 year old woman the equivalent of about $500 a month for the rest of her life, in exchange, he would get her awesome apartment in the middle of Paris upon her death.Well, she ended up living to be the oldest person in the world, and the man passed away at 77, never getting her apartment, and what's more, then man's widow must continue to send the woman these checks every month, and if she passes away, the man's children must keep them up!

@Pari Thiagasundaram Thanks, that's certainly ringing true here.

I only stay at hotels that I have my points with and that's Hilton products. ..

You Tube,Twitter, MTV, Instagram, Paris Hilton,Kim Kardashian, Gangsta Rappers, Robin Leach...Think about the worst parts of all of those, think about the superfluous nature that they all promote.

I don't use property management as too often than not their services are sub-par. I

The small amount of credit she had was managed somewhat decently, but it still wasn't up to par.   I

The Hilton Hotelc.