I am not sure the Canadians have the same tax treatment  they might though.. sounds like a great deal for this guy though.. 

It will require meticulous documentation and consistent treatment. 

"Oh, this or that delay, my uncle has brain cancer, bla bla bla, we need 45 days to close now" -- and meanwhile they are off calling me to apply for a mortgage, which was their plan from the start, while keeping that inspection contingency in place so they can back out if all doesn't go as planned.)

Ever see a treatment center during a smoke break?  

The tax treatment of the business partnership is the same whether the business partners are married to each other or not.

The properties must be held for rental/investment purposes in order to qualify for 1031 Exchange treatment.

They have touchy, picky macerator toilets; many areas and marinas are strict (NDZ) no discharge zones so you can't use an onboard waste treatment system - instead you have to use a tank and have regular pump outs.

There are a couple of Kiyosaki videos you can find on YouTube that go into the different treatments of W-2, portfolio, and passive income if you want to watch those.

Variances are allowed in pricing as common for the area.Then look to appraisal guidelines as to the treatment for excess land, the value diminishes as excess land increases for lending collateral value and as to market in residential uses.

How about a spa treatment after the move?