Setting rent significantly above FMV could be seen as an attempt to shift income or inflate deductions, leading to potential penalties.

It wouldn't hurt to set up time to meet with agents, property managers, lenders, and others while you’re visiting your markets of interst.

The right agent will have worked with Canadians before, will have lenders set up that can work with Canadians and will have a seamless process for management.Not only can an agent set you up with a GC, property manager, lawyer, insurance broker, inspector and everything else you need, they can analyze deals and put numbers in front of you.Your job as an investor is to vet the vendors they are providing and double check their analysis.  

MTRs fall into the standard long term rental( 30 day +) category and will follow those regulations set for Long term rentals.

To estimate expenses, consider setting aside a percentage for management fees, plus costs for cleaning and utilities.

A follow up, can you link multiple locks together in the Schlage Home app so that if I want to use the same code for say 3 out of 5 locks in the unit, I can do that by setting one "group code" or would I have to enter the same code for all 3 locks independently in the app?  

You can have an email for each account and you should be able to set your phone up see multiple accounts at once should you get inquiries or messages.Just log into each account to make updates and price changes.

Need some advice on the best way to structure this deal that's fair and beneficial for a 3 person LLC/partnership agreement.  My father and I have formed an LLC with another friend to start buying some rentals. We fou...

Figured out of state since most investors locally have their set crews.

Can I walk into offices and leave a flyer for everyone in the office to read and set up zoom meetings with those people to go over the details further?