Every investor prefers to operate in a different manner and it really comes down to tolerance level, skill set, and just place in life at that time.

Some of those include: bank deposits, checking the PO box, lease generation, writing of contracts, answering the phone when tenants call the office, and much much more.

@Charles Wang Yes, you will have to pay the $800 minimum franchise tax insofar as your S corp does not generate taxable income that would cause your franchise tax to be above $800. 

Currently this owner is operating at a loss (they gave a spreadsheet of the financials) and I did some more digging and this seems to be a retiree that may just not have any interest in running this anymore. 

@Nathan Wiebe BMO, RBC and TD all have U.S.A. subsidiaries which operate in various parts of the U.S.A.   

It cost around $185K, and as a vacation rental it generates $60K gross per year on sites like Airbnb. 

I have been trying to generate a strategy to acquire properties through tax liens.

What creative income generating thing could you add on the property, to cover for the extra payment? 

Anyway, good pass on this deal, probably would be tough to operate anyway.

I spoke with a loan officer that I worked with before and wanted to relay some additional information to see if that generates different advice.