Hi there, 
For Canadian residents, I was wondering how the CRA treats accelerated depreciation income and 1031 exchange of commercial properties held under a C-corp in the US? Lets use a case study:
Property purchas...

I should also keep a decent amount for reserves, so I shouldn't just spend $40k as soon as I have it, etc.Real estate is a slow game, but once you get the ball-rolling, though, it builds up speed and momentum, especially if you really dive in to find good deals and use OPM.

We all agree nobody should be speeding, but when you get pulled over for going 8 miles over as you exit a higher speed zone, it feels a little like targeting.

That will speed up your subsequent purchases.

At the end of the day, we have an email from the city showing that we're grandfathered in and STR is allowed so I think we've got ourselves covered.I suppose I'll give our lender and the insurance company a heads up to avoid any speed bumps later down the line.Cheers!

I'm sure if I got caught up to speed I'd have the confidence to do it myself but right here as I sit - it feels really daunting. 

Here is an overview. https://www.reubenlaw.com/cali...I would also look into utilizing SB35 which is another state law that can get you planning approval within 60-90 days which is light speed compared to the 12 to 24 months it normally takes - or longer if there is community opposition to the project. 

You can also discuss properties for sale with the PM you plan to use and get up to speed on expenses and operating issues you need to be aware of.Bottom line you ned to become an expert. 

The only way you'll know the extent is to hire a plumber to evaluate the entire system and be prepared to spend a pretty penny to bring it all up to speed.

It seems that the advantage you are anxious to pursue is that of speed.