Which is why I'm thinking of properties in PA which can result in higher cash flows.

That brings you into a dual agency situation which may not result in the best representation. 

My goal is long term passive retirement income generation without capital disillusion using risk managed assets.I chose Ottawa to get started for a few reasons:1) I know a real estate agent and a property manager there that I trust. 2) It's a "steady Eddy" market, no huge ups and downs, which matches my investment goals. 3) Good exchange rate from USD to CAD for the down payment.4) I may someday retire there so wanted property in that market as a hedge against currency and real estate value changes.Reasons (1) and (2) made Ottawa a good place to start.

Are you saying that with the 0.5% result you have that this house WOULD cash flow well enough after taking the expenses into account?

If the sale results in a loss, however, the starting point for basis is the lower of the property's original cost or FMV when it was converted from personal to rental property. 

If you have applied for another loan, then your HELOC application would likely go back to underwriting and delay the closing as a result. 

My credit scores have already been rising as a result.

I also have a Roth SDIRA which has $50,000 invested in a syndication effort.Emergency fund: $20,000Investment Cash: $75,000I put $500 every 2 weeks into Investment cash and also have my cash flow from the rentals of $2,008 auto transferred to Investment Cash account.I have 5% of pay going to TSP (retirement) account as my employer matches up to this amount.

Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[...]D1-4.1-02, Allowable Exemptions Due to the Type of TransferA transfer of the property [...] to [...] a limited liability company (LLC), provided that: the mortgage loan was purchased or scuritized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Note: The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.

$550 down the drain, results = 1 jumper to hold ground if the water meter is removed.