You are creating the recipe for disaster with this.You engage a tenant to rent with the disclosure that it's going to be in foreclosure and mitigate that with a lower market rent, and the possibility (not probability) of cash for keys from the lender when they foreclose?

When I searched on K6H 1Y4 with a radius of 25-miles, I get 7 names.If you set your radius larger than 25-miles, you will get names from Ottawa and MTL {the dataset underlaying the search algorithm is a bit {Canadian} geography challenged.

Then come back and let's pick up where you left off.I'd bet Troy a steak dinner you don't follow thru on the challenge but I think he's smart enough not to take the bait. 

Yes, this is the sit you want to stay engaged in.

The challenge for those of us who are buying now is to find deals that meet our price criteria.

Finding purpose and support for those involved that have "been there, done that" is the most challenging aspect.  

However, it could also cause more trouble as you expand your business.Where most small developments incite the greatest challenge is in managing projects.

I should add that one of the tenants took it upon himself to call the painting firm engaged by the condominium corporation and to level these accusations to the owner.

Thanks in advance if you decide to the challenge.

Everything else you are talking about is only going to get yourselves into arguments, challenges and possibly even IRS issues.