It's an estimated cash on cash return given current rental rates subtract expenses assuming 7% interest rate, 10% management fee, 5% repairs, 5% capex and other expenses like mortgage, insurance, tax. it's a estimate to tell you what properties to analyze vs ignoreyou can see the are pockets of negative returns as well as pockets of positive return. this is to supplement the data @Devin Conley provided

You must have the Business tax license & pay all the fees required.  

Will the property taxes skyrocket?

In addition cash flow is taxed annually.  

because we have a strong demand for them and great str laws.The Triangle is visited year-round by travelling professionals in the research, medical, IT, and education space.

I use a spreadsheet I developed to determine my entry costs, carrying costs, cash flow, tax write offs, appreciation and exit costs.

Is the option government supplied insurance where taxes supplement the insurance?  

One thing to think about are the tax implications of being a Canadian paying US taxes.

Make sure you do your math correctly when analyzing property taxes…they will be eye opening.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?