Let's say as an example I propose $205,000 purchase with 5k down and 5% interest with a 7 year balloon.

Which "Tier 2" neighborhoods would you propose are most likely to appreciate.

I have proposed to buy his house also, since he is relocating.

I've also heard about the legislation.

., there was a technical error, and the section of the tax code describing 15-year property (Section 168(e)(3)(E)) was in fact not amended to include qualified improvement property.So for now, strictly-speaking, in 2018, qualified improvement property is regular old 39-year property that is not eligible for bonus depreciation.We do expect that a technical correction to the law will be made, but for now the IRS has actually stated that it cannot guarantee that absent legislative correction it will accept the legislatively intended change in recovery period and bonus eligibility.Anyway, this is neither here nor there since you have stated you are a landlord of residential rental property rather than non-residential real estate.And this does not affect the application of 100% bonus depreciation to both qualifying new and used property place in service after 9/27/17 and before 1/1/23 that @Yonah Weiss pointed out.

I understand that a signed lease is one method but you cannot even use rent deposits as they are being made to a business account that, on paper, has nothing to do with the proposed new loan.

However, until then, i don't expect Nova Scotian municipalities will enforce legislation limiting our re-positioning of rental housing - as long as we don't disturb the neighbours and pay the CRA :)Looking forward to any feedback Paul

You never know if they're going to blow it off or make a proposal right away.

I have also seen some crazy schemes proposed recently using trusts and lending that I will steer well clear of as well.Bottom line, options are still a great way to earn an excellent return because of the leverage aspect, but it had better be legit.

I would propose either an LLC or Series LLC depending on the volume of assets you are holding at any given point. 3.