If you are personally liable for the loan, wont this defeat the purpose of having an LLC?

Sorry didn't see your second response about the 75% from the income from the property

I'm selling a triplex for a client of mine, and the buyer will buy it,if the tenant who is month to month leaves or is evicted, what is the ruling on this in Ontario, just thought that i'd ask too see the response that i'd get here from Kitchener, Ont, Canada

Hey folks
My wife and I will soon be acquiring a 3/2 SFR before the end of 2017 by way of quit claim. The property is located in NE TN. We currently collect the rent and maintain the property now including all repair...

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The price for the house is good (not great, but good) but the owner says that he won't ask the tenant to leave, and that it will be the responsibility of the new owner.

Thanks for the response @Lisa Williams.  

Since this is a sale, they are responsible for capital gains tax. 

Can you support that the purpose of your trip is a business trip?

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