What's important to note is that while they may not report to the agencies, therefore not be factored into your DTI, you need to monitor your debt levels to ensure you're not taking on debt obligations that you're unable to afford.

Then I can analyze the data such as average prices based on season or special events.I check these a few times a year.

I am currently working with two others that very much so understand Canadian and US a taxes and ensure that I do not get double taxed etc.

You could also ask the title company that you’ve already work with to ensure the title with this single right of redemption exception in place.

If you pay him up front, you now have literally no leverage to ensure he gets the job done well and in a timely manner.  

The 1% rule will kill you if you use it that way.To offer a single data point, I’ve looked for turnkey rentals in the Denver proper area (hot neighborhoods) and have never seen rent that matched the 1% rule in the last 18 months.

Or is that just old data? 

@Kenneth Hynes, The first thing to do is to go over the current lease in detail and ensure all the correct provisions and protections are in place.

They can't move out six months later and blame property damage on the ex-spouse.This document should clearly explain what happens with each party and then it MUST be signed by all parties to ensure it is binding.

Ensure there are no hidden fees!