They came and did a 3 week intensive treatment and it was about $500 for traps and bait boxes around the whole 8 unit property, traps and bait boxes in that one unit and in its ceiling where they were hearing the mice running and in the basement adjoining their unit.

A good treatment will last for several years.  

@Joe Splitrock The leadership of the US government in the treatment of Puerto Rico as second class citizens also lacks.

A Canadian individual who owns rental property in the US is entitled to non-recognition treatment under § 1031.

"Treatment of the Income (or Loss)" "If the rental income (or loss) relates to a property other than the borrower's principal residence: If the monthly qualifying rental income (as defined above) minus the full PITIA is positive, it must be added to the borrower’s total monthly income.

. / Markup (tentative) in the Senate Finance Committee.November 17 - December 24: Passage of tax reform bill targeted for as early as the Thanksgiving recess (November 17) or as late as Christmas Eve.The goal of the White House and Republican leadership is to have a tax reform bill signed into law within the next 3 to 8 weeks.If the bill is passed into law:December 31, 2017: Deadline to complete sale/acquisition of either relinquished or replacement property, in order to qualify for treatment of Section 1031.January 1, 2018: Modifications to Section 1031 become effective.The legislative schedule is aggressive.

It can be a form of defensive investing that allows you to stay in real estate while waiting for the next buying opportunity in other sectors.There are some good fractional NNN products that qualify for 1031 treatment and will have a low minimum of $100 - $150K of cash. 

In my opinion, both have their strengths and weaknesses, and it’s best to mix and match.You will get the better short term tax treatment on the equity investments on your rentals  and you will get the increased capital stack safety of debt on your note investments. 

Any need for termite treatments before pouring the slab, etc?

Thanks for sharing your thoughts Yea investing with SPV and other group of folks are great idea because multiple investors are DD-ing the offering and you get special treatment from the GP side.