California is a highly cyclical Market and definitely not one I would gamble in.

I live in Danbury, but work on the Monroe -Trumbull border as an engineer during the day.

So, depending on how you hold your U.S.A. properties and how you repatriate your retained earnings back into Canada will determine the amount of tax you will pay in either country.Most scenarios are variations of this simplified scenario:  You hold the U.S.A. properties in your own name, and the income comes across the border into your hands here in Canada, the IRS will withhold an amount of taxes in the U.S.A.  

But, I know plenty of people who would rather get a set rate of return this time of year vs. gambling with a new president.

Flipping properties is inherently more risky and can often times be closely compared to gambling.

At the time I was also looking at the seaside city of Quincy and was totally surprised to find that parts of Quincy bordering a river were at higher flood risk than some parts quite close to the ocean that were on higher ground.

As a general rule , relying on uncertainty of timing, high risk etc , I feel, is more speculating , which is just a fancy word for gambling.  

I'm not gambling.

Either way ( up or down) this is shaping up to be interesting indeed.http://www.ladowntownnews.com/news/a-downtown-condo-gamble/article_6a3b2ffe-97ad-11e5-a02e-17abc4cffc7c.html

Now what actually happens at FEMA as they review the individual policy I don't know...Clint said in his post if I understand correctly they would validate against their maps.I have three properties that are along the borders of these zone maps, and I am hoping I can get out ahead with this map change.