The property is located in prime location and we would like to keep it as STR since selling right now is not the best strategy in that area, but we believe in that location for appreciation therefor we really want to keep it as STR.

Hello allWould like to get some advice from Real Estate Developers...So, we're in Canada and we own several rental properties, and want to expand our portfolio.

Well Larry, You are in over your head on this LLC thing.

We have it listed for $184,900, and it seems like it could work either as a rental or a quick cosmetic flip.ARV: ~$235K based on comps in the areaRental Potential: Estimated rents around $1,700/monthCondition: Cosmetic updates needed but nothing major from what I can see.

At one point when I was crafting my own lease, I bought it and carved out a couple of the clauses I liked.

Any attempt to expand or change this market would likely need to address these structural characteristics. 

@Stuart Udis you sound like one of the good guys :)  This line is GOLD, "90% of people who post on BP about entity formation or transferring properties from their personal name to an LLC cannot articulate the risk they believe they are protecting against"Its a game of risk/reward.

From a rate perspective, likely is not close to making sense at the moment, would need rates to drop further, however if value has increased and you are looking for cash-out, that motivation (any lower rate as icing on the cake / secondary concern) it could make sense to look into

Denying entry is a lease violation and grounds for eviction.

I like the fact that Atlanta area's property tax rate is low and seems there is growth potential.