Avoid double taxation while flipping in Baltimore but residing in Canada

[Gustavo R.]

Hello guys! Glad to be part of this community.

I live in Toronto, Canada but I'm starting my first flip now at the end of September in Baltimore/MD, closing is September 20th. The reason why I decided on Baltimore is because my friend-partner lives there and he had done 20+ flips in the last 3-4 years. I have a few questions and need guidance from people more experienced than me. 

Can I be double-taxed by the USA (IRS) and CANADA (CRA) when doing my flips or holding rental properties in the USA while living in CANADA? If yes, is there a way to avoid being double-taxed without the need to move to the US?

It seems the US has more tax benefits in Real Estate than Canada (I'm not sure) - How can I take advantage of it while residing in Canada?
Any recommendations of CPA that are familiar with that type of scenario I described above?

And last thing, my LLC has EIN but I don't have ITIN - I'll be physically in Baltimore in few days. Is it possible to open a bizz bank account without ITIN?

Thank you

Gustavo

[Gustavo R.]

Quote from @Nicholas L.:

@Gustavo R.

I know this wasn't your question but I have to ask... I'm curious how you will flip in Baltimore from Canada.  Is your friend that lives there going to be your PM?  Will you be onsite at all or entirely remote?

 My wife isn't happy but 2 weeks in Baltimore and 2 weeks in Toronto. 2:30h flight or 9h driving. My partner moved to Orlando last month but he will be flying there to visit as well.
Will be my first time doing it, wish me the best of luck.