I purchased his accounting package several years ago, and when I try to log into his forum to ask a question it does not recognize me. 

Make sure you have a good agent who knows/recognizes red flags when he/she is walking the property so that you can potentially avoid problem properties, whether you're local or not. 

LLC isn't recognized under Canadian Tax Law.

Taking action comes from recognizing opportunities, and that recognition comes from continuous learning.Feel free to reach out with any questions!

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

In that figure you have to include everything like escrows for taxes, insurance, maintenance reserves; as well as recognize that you will have to cover things you might not have had to pay for in the past like health insurance, and additional escrows for income taxes and possibly employment taxes depending on how you structure your business.One other major concern is just the ability to qualify for an additional loan without a w2 job.  

I recognize you indicate previously that due to the properties you purchased, you did not experience the loss of value that Las Vegas in general encountered.  

You'll be surprised on the good feedback you will receive just for being recognized as a landlord who is there to bring the image of the town up!

I also feel that this tenant has exhibited many untrustworthy signs and it's best just to cut ties to protect oneself. 

However, financing has been much harder this time around because banks cant seem to recognize the "rent-by-the-room" strategy when evaluating my debt/income.