CA has property tax rate that is a little lower than the median.

We all do the same thing, we just call ourselves different names and carry similar but different licenses:- CPA - Certified Public Accountant- EA - Enrolled Agent - Accountant - Tax advisor - Tax strategist- Tax consultant - Tax plannerIt all means basically the same.

 - prop 13 basically fixes the property tax.  

There is a ton of fix and flip going on in Brooklyn and I am trying to work my confidence towards that after my first project at a lower price point around 300K somewhere (CT seems like my only option). 

It’s definitely smart to evaluate the tax and cost implications of your funding options.

In a market like this where properties are sitting a bit longer, buyer demand is kind of stagnant, many appraisals have been coming in lower than anticipated.

Rentals generate passive income, so an S-Corp offers no added tax benefit.

I would reinvest in a another property and use a 1031 exchange to detour taxes.   

Are there any tax implications or considerations for Canadian investors investing in the U.S. through an LP?

Taxes 10k HOA is 9k The current owner never did short-term rentals.