Mark,I recommend finding an accountant who specializes in real estate taxation over one that is local.

I am a native who now lives in Nebraska which is right next to Texas with the highest property taxation ranking in the Nation. 

Unless one is willing to play in gray areas of taxation treatment, I find the notion of buying cash-flowing real estate with any SD retirement money to be a very expensive proposition.  

It all has to do with how taxation is handled as spelled out in the treaties between the countries. 

Carrie,I recommend finding an accountant who specializes in real estate taxation over one that is local.

I too am interested in understanding taxation in the U.S. real-estate market.Here in Canada, if I were reselling/flipping houses, they would be seen as inventory by the taxman and my proceeds would be taxed as income and not capital gains.

You definitely want a CPA who knows real estate tax and also trust/estate taxation as when it comes to issues like this, there are potential consequences if formalities are not followed.

Last year, he sent me home with some reading material on dividend taxation lol.

I understand the differences in financing etc, but cant find any solid info in regards to taxation.

That value is for taxation reasons only and is usually 80-90% of the FMV (Fair Market Value).Your taxes that you would have to pay on that are roughly 10%, which is the $1,052.26 amount; however, in the state of Louisiana if this is your primary residence you can claim the homestead exemption.