I would also put a plug in for flipkey.com, which has drawn more of a Canadian/European market for my vacation rental.

It is way offside in any of the Canadian markets (NB, NS, PQ) in which we are active.

Account Closed We have all but three of our tenants on electronic payment - either direct deposit or Interac e-Transfer (a Canadian thing, but VISA has a similar service now).  

As for foreign investors, Canadians became quite active as the bottoming of real estate values coincided with the a period of exceptional strength for the Canadian dollar from 2010 to 2012.

Its for this reason that banks look at "global cash flow," especially business banks and they talk about "debt coverage ratio," etc.

Another global issue is that the developers seem to ignore requests for some really basic functionality (especially interface functionality) that ought to be very easy to implement.  

In North America, Open Source solutions has not had the same level of adoption as elsewhere in the world ... largely because of our narrow mindset of if I do not pay for it, it cannot be any good.Many programs have come and gone, but QuickBooks seem to stay forever.That, of itself, does not make it a good piece of software, or a globally usable piece of software.  

As far as setting up a Canadian corporation, it will really depend on your longterm objectives - whether you wish to retain earnings in country or repatriate them and your present tax situation.  

The Canadians have been buying a fair amount of condo's in South Florida due to the exchange rate and prices.

In our era of globalization and internet, these types of things can be done for cheaper than most of you would think.