You can get a $1200 coach house a street over from a drug den.

@John Park remind them that the use of illegal drugs is not permitted as referenced in your lease!

We will have to go through probate to become administrator.

Also....you absolutely can screen the tenants....you are not "forced" to take anyone.To help mitigate the risk of having potential tenants that are "a little rough around the edges I make sure of the following.No Smokers, Period....not even vapers or cigarsNo Drug Users PeriodNO Previous Evictions from within the last 10 yearsNo felonies No pets, period.I have Section 8 tenants in Cuyahoga County (Cleveland), Alameda County (Oakland, CA) and Contra Costa County (Concord, CA).....and it works.

Sometimes larger brokerages will have assistants to help with administrative tasks and transaction assistance.

Alfonso will need to discuss the topic with his plan administrator to see if what you propose is A) allowable and B) something they will facilitate.That is about all I can add to the topic, but wanted to point you towards the starting point.I do not foresee any US side complications, though it is possible any income to your partner may be viewed as taxable by the US.If you find the RRSP is in a position to make the transaction, you will want to connect with an attorney in Canada who can evaluate any tax/legal issues for Alfonso.

. - parking -responsibility/roles: cleaning/ trash/ common areas / parties / pets / guest over / noise level / recreational drugs / etc There are so many things you need it written down, especially in shared housing with a tenant.

Those who are self-employed (wholesaling generally qualifies) can get the additional benefits of the Solo 401k including: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

@Geoff Cavender, I would start with the small business administration.

The plan administrator won't let you do those prohibited transactions because they want to avoid losing their license.