The challenge w/ this approach, if you're going to buy & hold, is your LLC will not be able to borrow any money.  

However, the recent and pronounced growth of non-bank mortgage servicing companies and their servicing portfolios have challenged the state system to ensure the regulatory framework keeps pace.

Inheriting a tenant always comes with challenges.

I am a buyer engagement representative at Auction.com.

The lack of available land or sites that haven't been overpriced for development is a challenging hurdle for a new developer such as myself.

Your challenge will be to obtain a copy of probate 'Letters', if any, and review them for powers. 

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.