And 1/2 of that is accounting that I could farm out too, but I enjoy it. 

deposited in a demand deposit account?  

You should have a chat with your accountant, if you had a loan on the property, you may need to buy a property for more than the cash you received to defer 100% of the gain.Best of luck

If you sold it for $500K (after expenses) and invested it in a savings account (or some in a RRSP or TFSA-up to your limit), even at 4%, you'd get $20K a year.Also what province is it in? 

At that class of property, the delinquencies are not low and have to be properly accounted for.The reason I asked how long you have owned is that it takes a while to recognize the sustained expenses.Obvious is to get rid of the poor tenant. 

That would be around $90,000 sitting in a savings account!

However, a good real estate accountant is worth what you pay them because they will save you time and money. 

AccountabilityAnother obvious and much-needed benefit of a coaching program is having someone hold you accountable.

Do you know if there is a service, monthly or annual fee for opening one of these accounts? 

A fake and basically empty Facebook account (with a hotmail email attached to it) was planted to give itself some credability.