Tax and Legal ConsiderationsUnderstand the tax implications and legal responsibilities associated with rental income.

Plus with no state income tax, cheap insurance, and very low property taxes, I’m probably starting $20k ahead of most people, and that’s a tax free $20k.).

You payment is $2,600 plus tax and insurance.

That's $1,600 per month plus to pay debt, plus at least $400 in taxes and insurance.

However , properties taxes are due like roughly 12k for the two lots. 

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.  

Can provide all the benefits from a cash flow and tax perspective.

There are, of course, also things like politics and tax policies preventing the New York side from developing its tourism sector to be on par with Ontario... 

Worse case I just continue to manufacture them through my fix-n-flip business and buy with seller financing where available.Also, is tax lien investing really viable today? 

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.