Double taxation would be when you have to pay US income tax and then also Canada income tax and you don't receive a credit for your US income taxes.

If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.

The state’s housing is also ranked as the fourth most affordable in the country.Alabama currently has the second-lowest average property tax rate in the country at 0.4%, which helps investors keep more of the money they earn.

You should always look for Tax-Deferred and Tax-free methods to Invest.

When will you receive tax documents?

In your scenario, selling the relinquished property for $450K after completing a reverse 1031 exchange will allow those proceeds to repay the intermediary without triggering capital gains taxes, provided all exchange requirements are met.

$15k co-host, $6k insurance, $34.8k P&i (7%, 30 year DSCR), $5.5 prop tax, $12.7k utilities (mostly propane & elec), $7k maintenance/cap ex (3100’ with class A finishes), cleaning $24k (8 turns/month), then the small items. 

Do you have an idea of the total tax credits?

Start small with one property, choose a strategic location, stay transparent with lenders, and ensure tax compliance.

You usually pay less in taxes and you build your portfolio much quicker than taking that money out.