The question becomes, is there any way to legally repatriate the income as 'active' income to maintain the favourable tax treatment in the US all the way into Canada.Still researching...

My concerns would be overbuilding and first-time homebuyers' ability to qualify for financing......which could very well lead to looser underwriting  guidelines.   

Many lenders hare restrictions or guide lines on how long you have to keep the house in order to flip the house, while others have guidelines on how small a mortgage they will consider.

For the month of August 2024, they are saying that they have hardship and want me to use the money they paid as security deposit (2X rent).Legally, am I required to use security deposit towards rent when they are delinquent or can I move forward with eviction process?

Belize is relatively easy to invest in there currency is pegged to the USD and there official language is English so the legal documents do not need to be translated for you to understand them.

Interested to learn the pros/cons from financial/tax/legal standpoint. 

But if you persist, then I would make sure that you have this covered legally - contact an Attorney first!

My problem is that I know a former would-be purchser who got a preliminary title report from Chicago Title that read the owner--and three prior title holders--never had any legal interest in the property.

It's best to operate like a business with standardized requirements applied to everyone equally, every time.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

With the new rent laws, you must be 100% that all rents were raised legally, and must do everything by the DHCR book.