@Eddie Smith we've found the two biggest tenant complaints:1) Maintenance expectations not met (taking too long)2) Expectations of communication not metThere are many more complaints, but majority are tenant-caused that they want a free pass on: waiver of Late Fees, Payment Plans to avoid eviction, being allowed to get a pet or otherwise violate their lease with no repercussions.

Although it will be a business debt we cannot hit you with it until you have filed it on your taxes 12 months later.

I am close to the owner so I can discuss options.These are details and some rough numbers: - Location: Vienna , VA - No mortgage on house (free and clear)- Purchased year: Around 1980- Purchased price: around $50,000- Type: 3 bed - 2 1/2 bath single family- Market price: $920K (not appraised yet but numbers from Zillow)- Market rent : $3,400/mo (from BP Rent estimator)- Insurance $2,000 /yr- Taxes $9,300 /yr- Management $3,260/yr (I do not want to manage )- Repairs: TBDThe numbers do not work with conventional financing (20% down, 7% interest, 30 yr) so I want to think of creative financing ways.

True, you eliminate residential tenants, BUT it is a real business with employees, taxes, etc etc etc.

Due to the increased taxes that have been put in place.

The 50/50 profit split is legit.You pay a partner fee to get started.They pay for the houses, repairs, etc. and you split the profits 50/50.Buy box is residential 1-4 units and 65% to 70% of ARV (house plus cost of repairs total)

Lenders will likely require documentation such as bank statements, tax returns, and proof of income.Consider Cross-Border Financing Options: Explore cross-border financing options that allow you to leverage your Canadian assets to secure financing for US properties.

And yes, I will have my tax professional go over it.

3- Are there any unexpected fees or charges once involved with the program?        

But the biggest thing to remember is that there is no penalty (other than the exchange fee) for starting and not completing an exchange.