First things first, let's talk city borders and real neighborhood borders.Despite what the Pittsburgh neighborhood map says - Brighton Heights as a neighborhood ends when you go across the Shadeland Avenue Bridge or down into "Woods Run", which is not technically a neighborhood, more defined by the valley between Brighton Heights and Marshall-Shadeland -the values and housing stock down there are VERY different from those up the hill.

Something called the 'Beltline' is being built in Atlanta and my neighborhood is bordering it.

Fantastic returns, just don't check your brain at the border.

Now, you as the receiver of the 1099 will pay SE taxes, so if you are also the owner of the S-Corp the whole situation is tax neutral, but the IRS will still come after the S-Corp for not following the law.Issuing a 1099 to the owner of an S-Corp could also be border line fraud.

Albeit two are on the US side and are Seneca nation owned, another two are just 5 minutes across the US/Canadian border. 

Don't add a border; it's one feature that will make the decor look dated.

Hi @Cole Hagen,My wife and i have 2 SFR in Bethalto, and a 4-plex on the border of Wood River/East Alton.  

I would let them know you are looking for a referral of a solid tax practitioner that handles US Canada Cross Border specifically for smaller real estate investors. 

Specifically looking at whether my plan should be to hold this rental for the long-term and eventually do a 1031 exchange once its fully depreciated or sell it within the next two years to take advantage of the tax-free capital gains.Details:Location/description: North Seattle 1400 sq foot 3br/2ba 3 story townhome built in 2009, rough neighborhood on the border of a good one to the south.Address: 1238 n northgate way seattle, wa 98133Purchased as primary residence in 2014 for $360k with $72k down, $65/mo HOA which covers landscaping and governanceIn 2016 after meeting 2yr occupancy req., property appraised for $475k so we pulled 70k our by refinancing into a 30yr @3.75% with a principal+interest payment of $1600 + 300 for taxes and insurance and rented it out for $2500/mo, renter pays utilities, we manage the property, new loan amt is $340k.Other identical townhomes in our development and others like it have sold for $600k, so I would say that I could conceivably sell the home once the current lease is up and walk away with $200k factoring in all selling costs.I expect that we will be able to raise rent to 2700-2900 in the next 2 years or so and possibly up to 3200 in 2021 as there is a light rail being constructed that will drive a lot of demand from people commuting to downtown seattle.Specific Questions:Since I refinanced and took my initial investment out of the property, this seems to skew all of the standard evaluation metrics (IRR, Cap Rate, etc...), if I factor equity into the equations this looks like a terrible return and if I don't its a great return. 

Some RE markets are driven by American expats in the coasts and the border (Baja California, Puerto Vallarta, Manzanillo, Mérida, Cancun) and Lake Chapala, San Miguel de Allende and other hotspots for US baby boomers retiring in Mexico, and Mexican-Americans moving to México, all prices traded in US dollars.The economy of some Mexican States is booming and the real estate prices are ridiculously low with high potential for appreciation.