There are areas such as Ferndale and Royal Oak that are quite popular with the younger crowd and rental rates are great.

Nick - you can do a conventional cash-out refinance immediately after completing the rehab under Fannie Mae's Delayed Financing Exception:https://www.royalunitedmortgage.com/blog/2012/01/friday/cash-out/cash-out-refinance-available-sooner-under-delayed-financing-rule Royal United Mortgage operates in many/most states.

I am not familiar with Canadian laws, so maybe it is local requirement for you? 

@Kurtis Jacques  I bought a second home in Kelowna... out at the Oakanogan golf club.while there I made a few hard money loans to a few Canadian developers.. only to find out one of my borrowers had lost over 60k to US scammers who or whoever .. only to never fund his deal.this was 2001...

If you want a primer on tax strategies for real estate investing in Canada, the next time you are at the library, look for "Legal, Tax & Accounting Strategies for The Canadian Real Estate Investor" by Steve Cohen and George Dube.

This is brand new to Canadians, so I'm not surprised lol!

Brandon Hall Do you offer your services to Canadians

Recently I formed a corporation with three others who are all Canadian in Canada and we made out first purchase.

Other Canadian retirees and wealthy immigrants love to come here.

@Alex Tokmazeyskiy yes cape area is great for short term rentals especially now that Canadians will be back in the area this season.