@Kerry BairdThank you for taking the time to write all that.....Yes there are differences, but a lot of it it typical American complication for the sake of it, and terms that don’t immediately mean the same in English !

@John Warren i agree wholeselling is far more complicated and a tougher road but i teresting none the less .

This indicates that you have an interest in a partnership or LLC.Your taxes does get complicated as now you will receive "K-1's" from these syndications.

@Ashish Acharya is correct in what he said.Interest income is considered portfolio; not passive.Taxation of performing notes and non-performing notes can differ with taxation of non-performing notes being more complicated.The complications come into practice when terms of the non-performing notes are changed/revised.

Therefore they have become JV partners, after being involved for a few months a couple of them have told me that this business is way too complicated and time-consuming, therefore just keep them periodically updated and let them know when we make some money, LOL.Case in Point.  

That sounds very complicated, and time consuming to go through after many years.

As a Canadian looking to invest in the US, I understand there are many legal and tax complications that follow.

And if you're looking at 4 units, an extra unit or 2 for 5 / 6 - plexes wont be that more complicated.

Yes, but it's a bit more complicated in Florida because of the limitations that are placed on raising property taxes for Florida residents.

I am thinking about a couple options:A) Setting up the auto-draft from my personal account, and paying "me" back each month with a recurring transfer from the business account, just before the payment is due.B) Opening a personal checking account at the bank where I secured the loan, and transferring the money from the business account to the new checking account.C) Open for suggestions.Is there a recommended way to do this, without causing too much complication for tax filing and accounting at EOY?