He is busy working at the hospital and doesn't want to deal with tenants, toilets, taxes, trash, and all that haha

Closing costs - you will have to pay taxes/stamps etc. typically as a seller.4.

Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)

Start by talking to a cross-border CPA and attorney to handle taxes and legal structures properly.

If it's in a high tax /flood area taxes and insurance could easily be 5-6k or half that then with title insurance points and closing it could make senseWhat is the breakdown ?

Tax structures and mortgage regulations might also shift as canada mortgages are very different.What do you think would happen? 

The big advantage is having the capital gains spread out over many years to avoid a huge tax bill.

It would depend on your income, location and price of the home. 

This allows us to close extremely quickly, which is an important competitive advantage.I don’t know how to read our own tax returns, and I’m certainly not going to read yours.

We have sold (tax free), kept as long term and/or short term rentals as well.