In this area, market values hit around $4.95 million, giving you a solid 131% ROI.

In a highly competitive tourist market like New Orleans, I update my photos weekly. 

Great question Tyler and I actually have a flip property under contract that we are selling with a similar concern.  

I Can only realistically get $1600-$1700 a month renting my house based on the market.

If you find an actual property that looks like a homerun and would warrant a HELOC, then you can go for it without reservation.

Which means I would be subjected to being taxed in the United States as well as when I take my money out in Canada. with further research, I stumbled across setting up an LP which the CRA would recognize and allow for the tax treaty of Canada and the United States have to actually work for me to get the tax credit.can anyone here add to this?

I am in the Milwaukee market. 

Depends how you want to pay out. there are a lot of national syndication attorneys that can help and it's actually helpful but I think you should treat it like anything else. get 3 estimates and speak to 5 people, see who specializes in your strategy.

Copies of Leases: Have you been able to review the actual leases in place to see who is responsible for what?

They currently have no proof of actually being able to pay the deposit (I know this is based on the rent but the account literally has $0.00 in it).