Additionally, the property includes an outdoor swimming pool.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

If it is someone you know you can give them a straight return as if its a loan - can provide a lower interest rate to provide upside - it really depends on the lender and what are they concerned with and what is their risk profile. 

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

As a SFR investor for over 15 years I have been wrestling with this question in the past, because it feels like you should upgrade to "bigger".I know for sure that I would not enjoy the ownership experience that comes with a small 4F, because in Milwaukee that typically also means lower income tenants. 

With the recent tax law changes in capitol gains taxes in Canada and this property not being their primary residence.

Strategies like living in a duplex or triplex, adding an ADU, or renting by the room can help maximize cash flow while leveraging FHA or VA loans for lower upfront costs.

Do we 1st do tax on the LLC and whatever we split 50 & 50 then each claims on their taxes ?

I made a relatively low offer and after one negotiation we settled on a price that was about 45% lower than the original list price.

The problem with using credit card funding is it destroys your DTI and thus lowers your credit score.

If you sell it, you get $250k single / $500k married exemptions from capital gains.Speak with a tax professional about how much you'll save in taxes by doing this.