While at first it appears to be legitmate, the "indirect" reciprocal lending of money constitutes a prohibited transaction, as you are indirectly benefitting.

Canada and the US have a reciprocal tax treaty that allows individuals to pay their taxes in the US and have it offset against the taxes owed on the Canadian side, provided that you respect the provisions of the legislation.

If the furnace blows out and you have no cash at all, will the tenant reciprocate and say "its okay, i will fix it myself?

.- Buy a piece of land to care for and to create my dream cabin in the woods- Learn from a mentor (through reciprocity of course, giving where I can), be a lifelong student and teacher, and ultimately mentor others who are seeking financial freedom through real estate.I have a LOT of entrepreneurial juice at the moment, like busting at the seems.  

They will most likely feel obligated to reciprocate.

Ask them where they've seen the market going, reciprocate with your insights, maybe ask what issues they've faced so that you might be able to avoid them, share bad tenant stories, etc.

If they don't have any, see what reciprocal membership relationships they have with neighboring counties and check there too.  

IL is reciprocal with WI so I decided to open my own brokerage company there too, though I do not take on clients in Wisconsin.

It's an undertaking that involves consultation with an estate planning attorney as well as a real estate attorney, once you have defined your goals.The same applies to LLCs, especially single-member or reciprocal member - as in husband/wife - LLCs... a little knowledge can be dangerous, and litigation is the best measure of any asset protection claim.

Your generosity will never be reciprocated.