I think the known and unknown tax implications prevent many Canadians from investing south of the border. 

It will make your decisions a lot easier and hopefully it will prevent you from having "bad" tenants.

As with any system quality install and regular preventive maintenance are required. 

Furthermore, there was a greater emphasis on preventing the claim or incident from occurring in the first place. 

We want to put the equity to use, but prices and interest rates are preventing any decent profit from the rentals we can afford.   

This would prevent newbies from being misled believing made up data that they found on BP.   

Dont know your total situation , this idea may suck big time , BUT , if this prevents a major hit on your credit or a bankrupcy , you still have a roof over your head and it gives you time to regroup . 

SB 721 launched an industry with its share of unscrupulous players.

If documented and performed they will prevent or mitigate your exposure.

Setting strict lease terms can also prevent issues.