Yes, with court approval you can.

Technically you can be forced to remit all collected rents to the former owner, because you were never legally entitled to possession.2) They can file suit against you and ask the court to declare the sale void.

I want to keep it as a rental property but they want all cash AS-IS, I have been Pre-approved for a mortgage a few months back but my credit has declined due to school and a new car.

Have you been pre-approved with a lender yet?

I told her that I never would change lock for any tenant even though they are late because it is not legal and also stated that she is one of our best tenant so it's never an option.

This was the same question I asked my PM, legally they are required to be in for the entire lease.

As you have to use one of their “approved” property management companies to get the “guaranteed rent” program, I wanted to get those introductions complete.

I wonder how the soon to be micro-unit got approved - i guess you have to go from 4 rooms to a full on apartment building to get the permission?

Alfonso will need to discuss the topic with his plan administrator to see if what you propose is A) allowable and B) something they will facilitate.That is about all I can add to the topic, but wanted to point you towards the starting point.I do not foresee any US side complications, though it is possible any income to your partner may be viewed as taxable by the US.If you find the RRSP is in a position to make the transaction, you will want to connect with an attorney in Canada who can evaluate any tax/legal issues for Alfonso.

If you have access to another W2 then I would go the agent route and you wont need to worry about loan approval on the W9 income.