From what I can tell, the extra equity on the house could be utilized to provide better ROI.  

. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.

Most of my renters are nurses, engineers, and tax payer funded employees (Government workers). 

I am looking to purchase real estate for both investment purpose as well as to offset as much tax liability as possible. 

If so, there are no transfer taxes due. 

High taxes.

Whether you're looking for short-term rentals, long-term rentals, or fix-and-flips, Florida has something to offer.Favorable Tax Environment: Florida boasts no state income tax, making it an attractive option for investors looking to maximize their returns.Year-Round Appeal: Unlike seasonal markets, Florida offers consistent rental demand year-round.

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

There are less taxes in Alberta too.

At least, if you don't want issues down the road tax wise and if the government finds out it could cause some serious legal issues.