This means rental income, dividends, and capital gains from U.S. investments must be reported on your Canadian tax return.Foreign Tax Credit: The good news is that Canada has a tax treaty with the U.S. to prevent double taxation.

Hey Mik, I have a condo as well and have thought about converting it into a MTR or STR but the restrictions by the condo association completely prevent this.

I'm not sure if agent-client confidentiality prevents any agents from posting specifics. https://www.biggerpockets.com/forums/12/topics/1203206-quest...

Or, as of now I don't see anything that would prevent an option in which folks could take it a step further and move into their ADU, if they're willing to make a larger sacrifice, and rent out their main property as the STR.

If so, how did you deal with it or what verbiage did you use in your lease to prevent this?

Hopefully this post will still be found by people if they ever search for him again to help prevent more people from getting swindled.

This starts early on with preventing what could potentially go wrong by attracting an awesome tenant and looking at what vulnerabilites currently exist in your property.  

And potentially pay for their own buyer-agent.What prevents a buyer agent from misleading a buyer and demanding the signing?

I think the known and unknown tax implications prevent many Canadians from investing south of the border. 

It will make your decisions a lot easier and hopefully it will prevent you from having "bad" tenants.