His account is closed on BP.

Leaving me with $197,000 liquid to put back into my account for something else. 

This is why it's best to talk to an accountant.

Hi All, looking for some clarification for how much a RE Salesperson License costs in MA per year. I've heard anywhere from $500-$1500.I'm serious enough about RE that I want to be my own agent to save the percent or ...

This is based on an ARV of $950,000.00, a rehab budget of $123,000.00, and holding costs of $12,000.00.Financial BreakdownPurchase CostsTOTAL REPAIRS:$123,000.00Return on Investment for Flip*(Based on no loans or leverage)12.25%IMMEDIATE49.67%ANNUALIZED

It all depends on how your accountant filled out the 8824. 

I'm interested in lending money out using a self directed RRSP or TFSA account (I'm Canadian).

Held for three years that's an 11% annual return under the best of scenarios.

If you have taken those into account as well as specifying some percentages of the monthly rent to management (in case you ever want to relieve the responsibilities), capital expenses (roof, furnaces), and vacancy, and still have a good cash flow then it would be interesting to look into further. 

Account Closed, When we typically do our rent-to-owns (lease options), we still take care of repairs (in the sense of capital expenditures).