This almost always necessitates the NRA file a 1040NR to reclaim the excess withheld, further adding to the compliance structure and cost.A lot of hedge fund managers don't like to have NRAs come into their LPs specifically because they find out about these obligations during tax time and don't like what it does to their compliance bills.A "blocker", i.e. establishing a US C Corp between the NRAs and the US investments, does solve this problem, but again, all factors need to be considered for a holistic approach -- minimization of US tax liability, Canadian tax liability, and compliance fees in both countries.

The tenants in questions and the tenants downstairs have discussed this for 2 month regarding smoking weed (which is illegal) and excessive noises.

However, the excess cash flow from that rental just goes to pay off that credit card bill.  

If the suspended losses are in excess of the total gain, the remaining suspended losses will then offset ordinary income.3.

Some of the pricing sounds excessive and doesn't sound like something the Tenant would be responsible for.Based on the list, it sounds to me like the property had some maintenance issues before these tenants moved in.

Total gross income for this duplex is just over $20k per year.Do you feel $91,500 in coverage is excessive?

Anyone who has taken a thermodynamics class will understand when I refer to the oceans as a "heat sink" - that is, they absorb excess heat when the atmosphere is hot and give off heat when the atmosphere is cool.

I always hear mention of this 40%, and it seems excessive.

The biggest drawback is not being on title or owning shares and voting rights for the LLC.legal agreements are basically useless because the cost of ligation is excessive

Your acounting software, if you have it, should be able to handle this easily.If you have a positive cash flow, use excess cash flow to build a reserve fund for whatever amount you need to pay all expenses for a three month vacancy.