This way you can claim a loss against your ordinary income (loss). 

As a Canadian investor, would also appreciate if someone could direct me towards a lender (bank, private, etc) who has experience working with Canadians in getting American financing. 

So, Y perhaps can't take the deduction since its a passive investment while X is paying taxes on the rent at their ordinary rate since they don't have sufficient deductions to apply.Anyway, there would be some serious details to be worked out.I hope you don't find this too morbid or out of line, but another strategy is to put Title in your mother's name. 

I don't keep a cash reserve at all now (33 units) because my ordinary income and rental income is enough to handle everything.

What kind of investment in American dollars get say around 200 net per month?

You can get up to 2 credit cards (every 60 days max of 4 total) and as many charge cards as you desire for your llc from American Express.

American Savings & Loan, 89 Cal.App.3d 875 (1979) declared a lender could not sue the buyer for fraud for deliberately concealing a transfer, since he has no legal obligation to tell the lender of the transfer.Don't just take my opinionAttorney Robert Bruss, a well-respected nationally syndicated real estate columnist, advocates the practice transferring properties "subject to" existing loans without notifying the lender.

Americans and Canadians go to Mexico and Northern Europeans go to Southern Europe.

It is up to us as Americans to stand up to this legislation to make sure our freedoms and rights are protected.

They are not american from what I understand.