I cannot report them for trespassing ...chicago finest will show up on that beautiful block on 70th and Damen and laugh in my face ..so will the tenants ..and I will only aggravate them to the point that they might trash the place once they will be forced to move out 1 year later by the Sheriff...1 year that's how long the eviction takes. first 90 days notice, then the sheriff need to go out there (who knows when) and give them the notice of forcible entry being filed against them then the judgment..then sheriffs eviction ..I will be lucky of they gone in Sept 2017. cash for keys will not work ...what they gonna do with $2K if they know they can live rent free for a year ...average monthly rent is around $800 over there ...good thing is ...that SFR 3br/1ba brick raised ranch will increase in value...I could make them my tenants ..have them sign the lease ...and hope they miss the payment ..problem is that once I make them my tenants I am responsible for upkeep of the property..what if there is mold in the basement and they develop sudden breathing disorder ?

Then I have to remind myself to step back, take a deep breath and ask one simple question: do the numbers work?

Do I sit and just let it cash flow while I catch my breath?

MTM is good if you don't feel comfortable with your skills, but 12month leases give you more breathing room.  

Now to answer your questions.1) Go find a real estate lawyer that deals in just real estate (search BP), and ask them about LLCs, and Trusts. 2) This was more of a statement and not a question, but I'll get back to this one at the end.3) Keep saving it because of what you said in #2 ^.Please slow down, and take a deep breath.

This gives me some breathing room if somebody does not paytheir rent and I have to go through the 45 -60 day process in Maine for notice and eviction.

**deep breath**  It'll be fine.

We are serious when it comes to business, we breathe entrepreneurship.

You might want to take a breath on this deal, because it sounds like a pressure deal.

I was living in Palo Alto CA at the time  another hot bed of high values.. and I just looked at them and said If I was you I would not hold your breath on that one.also Canadian real estate is not like US real estate much tighter controlled etc.. were we see this as common wholesaling folks north of the border have different ideas.