(Assuming it meets the requirements of the RRSP Trustee).The money could then be used to invest in the USA & he would hold the note or % there of.We have a number of CDN members that simply take cash out of their real property equity to invest here locally. 

It has city water and sewer and tenants pay for own electric and cut own grass.

Most new construction homes in higher priced areas in the last 3-6 months have had to take 15%+ price cuts to get their homes to move. 

Just remember a team they better be feeding you business as you will likely have a cut with the brokerage you hang your license with AND have a cut taken out as a percentage with the team.

Also, is it true that if a buyer does not use a broker, the seller's agent will simply take the whole 6% commission fee?

I am a recently purchased homeowner in Hunterdon County, NJ simply looking to build out my network and meet others in Central/North NJ.

They would simply get 50% of the cash flow and equity growth.

The last few years I've been seeing great results with simply index investing (which I'm still continuing in multiple IRA accounts) so I guess part of the motivation for real estate was to diversify a little bit  (in addition to the REIT holding I have). 

Setting up multiple LLCs can provide you with more protection, simply by adding additional layers that make it harder for someone to get to you, if they sue you.However, it is probably totally unnecessary and, in my opinion, borderline unethical, for an attorney to try and sell you that level of protection when all you are doing is buying a rental property.

--@Joe Papp - tenant now reveals the issue has been going on for 3-4 months. the tenant had subtenants (roommates) in the past that we knew about, but to our knowledge those subtenants moved out months ago with no issues. we have several properties where tenants have frequent overnight guests - and we had made the assumption that this person (the roommate who was locked out) was simply a frequent guest, not an actual subtenant....if that makes any sense.