Hi @Sean O'KeefeI would also like to get a copy of the real estate professional logbook.Thanks Account Closed for directing me to this post!

Real Estate Investment in Canada has, in recent years, been strained in terms of affordability, and other rules creating an additional barrier of entry; especially for foreign buyer.Although I am investor in Ontario and Quebec, I'm not a lawyer, nor an accountant, nor an immigration consultant, so make sure you consult with the appropriate expert for accurate information.

Just like my margin accounts. 

:Just found this thread here today and created an account to post.

Can I personally take that extra finance money tax free into my own name or personal bank account to do with what I please, or does the refinance money have to stay in that Llc company and I cant use it personally.

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. 

Account Closed 100% they are

I'm an accountant by trade.

Net proceeds - Is the amount of cash that goes into your exchange account.

And historically, real estate has a proven track record of appreciating over time.