In the Province of British Columbia, companies are using bare trust agreements (held confidential at Lawyers office) to hide the true owners of Limited Companies.

Who gets use on popular weekends etc... a good lawyer might be worth the costs.

So far I have inherited 3 tenants who were there when I bought that were not on the program who paid maybe one months rent and then nothing for the three - four months it took for me to kick them out plus legal fees (Ny if its in an LLC you have to be represented by a lawyer).

From the City to the courts, the police, the litigation lawyers, the inspectors, the utility companies and worst of all the tenants. 

I'm a huge proponent of being able to lawyer without the assistance and expense of counsel.In the big scheme of things, eviction proceedings are quite informal compared to other actions and really the question becomes 1) is there a valid lease?

Maybe do a bit of rehab and increase rents, divide by cap and you see how much value you add to your property's "ARV". example4 units - $1000/unitARV $500klight rehab brings $1200/unit$200*4*12 = $9600 / let's say 8 cap = $120k additional property value ARV $500k -> $620kAdd appreciation, gentrification, more depreciation, refi.BTW a LLC is like $300 if you do it yourself or $500-600 if you hire a lawyer. $700-ish out of state.

There is NO registry for Trusts (like there is for LLC's and Corp's) so you get total privacy of ownership...which is your first line of defense when it comes to crazy tenants and contingency fee lawyers (and their dead-beat clients).

If you are renting the property long term, Id like to know how you would set aside money for repairs to the house and pay for a lawyer if you had to evict a tenant.

My lawyer set up my LLCs a few years ago and used my home address as my LLC address.I moved.

NO title insurance  NO going through escrow or a lawyer all my deals myself and staff we did the closings and prepped all the necessary docs to transfer title and took the deeds to the county and recorded them ourselves, sent courier to the Trustee service or Lawyer office with the cashiers check to pay the loan off or bring it current. . .