Instead of filling it with another long term renter, I'm toying with the idea of furnishing it and catering to individuals looking for a mid term lease (i.e., traveling nurses, contractors in town for a short gig, etc.) in the vicinity of 3-6 months instead in hopes of capturing a bit more on my monthly rent.

Ive seen first hand how dangerous they are when people buy toys.  

I have also been toying with the idea of setting up a US LLC to hold my property here in Canada, which I'm not sure would work.

Spend 5%  on a nice " toy"  enjoy lifeGood Luck 

Chris - I’ve also been toying with the same concept this past week… In theory, it seems like the logical step to use some of my IRA to fund my own REI opportunities (e.g., flipping).

Each of these niches has a lot of unique things to learn - it's a lot to bite off all at once.If you can make a decision about where you want your expertise to be (rather than cramming it all into one business in the beginning), you'll allow yourself to develop a laser-like focus and you'll be far more effective in the end.

You might can toy around with that if you don't want to spend too much money @Jay Luke 

Also, I want the 'toys' that I can get on new vehicles these days.  

Laser printers sometimes need adjusting on the software side for altitude.

I have toyed with renaming my LLC to Immobiliare.