But the perception of difficulty is greater than the reality usually.

Hi Ryan,Welcome to the landlord journey!

Drive around the neighborhoods to understand the lay of the land - if you have someone who will take you around and explain, better yet. 

I suppose I'll just wait until I find a good applicant and be grateful I won't have a vacancy this time next year. 

He browsed through the lease and recommended to use the 60 day notice clause in the lease to send a lease termination notice.

If the US proves out to be the safest investment haven globally and sees continued capital inflows, Treasuries will likely compress / fall and investors will turn to real estate to continue to diversify.  

That's the question that needs answered.

It solves the problem of expensive housing, makes the employees available if the business needs them at any time (with overtime benefits) and eliminates the commute. 

I am in the Tampa area.

Be careful when you select entity types.A pass-through entity in the United States, such as an LLC, may not hold the same characteristics in Canada.What market are you looking to invest in?