But hey, no one can ever say I didn't try!  

But hey, no one can ever say I didn't try!

I doubt I will ever accept payment any other way. 

How long have the tenants occupied, what they pay for rent, do they have any deposits, are pets allowed (or have they ever been allowed), who handles lawn care, what does the owner pay for utilities, have there been any lease violations or noise complaints, do the tenants pay on time...Those are some examples.

It has all of the instructions you need.You may only do this if:They are not currently in a term lease (ie, they are month-to-month, not under a lease that has yet to expire)You give 60 days noticeYou pay them 1 months rentYou actually intend to occupy the unitYou do NOT rent it out again for at least 12 months, even if your situation changes and you move out again.You can find the form here:http://www.sjto.gov.on.ca/documents/ltb/Notices%20...I also highly recommend you read the actual rules about it here:https://www.ontario.ca/laws/statute/06r17#BK65In fact, read that whole document if you're ever going to run a rental property.

I've also heard that the 2% doesn't really apply at this point in the market cycle and that 1% are harder to find than ever now.By my calculations, it seems that nothing under the 1.25% rule will cashflow.

Just out of curiosity, were you ever able to make that duplex in Arlington work?

I live out in Miami so if you ever need anything on this side of town feel free to shoot me a message.

Has anyone ever experienced this?

TENANTS FROM HELL #11Car Fire From Hell.Running one of the largest rental portfolios in the Cleveland, Ohio area I have managed 1,000's of properties & dealt with countless tenants.