Implementing the proper legal and financial structures can help shield your personal wealth, reduce your exposure to litigation, and limit access for potential creditors.

Oh wow, see I didn’t know that they had rules and regulations that could prevent possible renting.

The Canadian Edition of Quickbooks really only differed from its U.S.A. cousin by having an awkward implementation of GST/HST (our VAT) and GIFI.  

Ask those same attorneys how the irrevocable trust will stop the landlord dispute, prevent a lawsuit in the event of a premises liability claim, payment or performance related dispute with a vendor such as a contractor or property manager.

These packages benefit the tenants and help with preventative maintenance on your property. 

I get it man sometimes life gets in the way; I'm wrestling with the same problem myself. so, the past few years I've spent optimizing my first deal by implementing systems and improving the property as much as possible.

Otherwise you can simply sell shares of the LLC from one member to another, or to an outside party.One of the potential DOWN falls of the TIC is that the other members can NOT make a person sell or prevent them from selling to an undesired person.With all that said I AM thinking of a possible future TIC partnership.

Don’t assume a group loan solves that automatically; each person’s share of the debt needs to pencil.Your TIC agreement should do two things well: prevent deadlock and preserve co-owner independence.

@Mitch Kronowit My insurance agent told me some months ago that the company I have most of my policies through had implemented a smoke free policy for the entire property including yards.

We participate in various programs for homelessness prevention, emergency relocation, transitional housing, veteran housing, vouchers from healthcare providers, etc...