Your property sounds a lot like one of my clients in the urban core of Kansas City, though he focuses on SFRs.

Friends wanted to rent it and so we did and they always paid on time.

I'm sure you will need tools to find deals (eg price/sqft etc), estimate rents, calculate cash-on-cash returns, cap rate etc.

Hello everyone,I am currently working on a pre-foreclosure list (SFR) and I am wondering what strategies are best for no/low equity properties vs. high equity properties.

Focus on undervalued properties, prioritize high-ROI renovations, and refinance to pull equity for future deals while maintaining 20-25% equity.

Obviously, we need to focus on who we elect into office and fight for the rights on zoning, even though you get negative feedback for density and ADUs.

They used to talk about the 2% rule, which was basically a ruse to get you to buy in the absolutely worst part of town where you got 2% on paper and only on paper.

Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines. 

However, my other properties will depreciate for tax purpose, therefore I have paper loss, but I still cashflow on those.

As for opening a U.S. bank account, Canadian corporations can do so, but you’ll need to provide documentation like proof of incorporation, a U.S. tax ID, and possibly a personal guarantee depending on the bank.