Canadians investing in RE in USA - Landlord Friendly States

[Dushan Selvakumar]

Hello,

I currently own 2 properties in GTA, and since Ontario is getting overly expensive and harder to get RE with low cap rates and cash flow, I am thinking to invest in Landlord friendly states in USA.

I have heard some examples include Texas, Tennessee, Florida, North Carolina to name a few. I dont have the cash as of yet but was thinking to finance and get a mortgage. I have a FT job, and great credit and understand banks like TD, BMO or RBC which are in both countries can help.

Can anyone provide any advice, thoughts, opinions, tax issues, steps in going this route?