We have property management for our out-of-state rentals, and they have set criteria where they have right to automatically accept and lease it out using their standard lease.

This example would yield a pre-tax net of $340/month (minus any vacancy credit or capital set aside for maintenance (capex).

It is crucial to set aside emotions and concentrate on the numbers.

Are you set on the 2 year?

The property has clean but old wooden furniture, a nice china set, clothes, etc.

Check out my personal favorite, Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey.3.

This is a very typical set up for LLC (commercial loan).  

I’m a 25 y/o Dentist in Canada, thinking of specialising in the US (2 year program) and live in the US afterwards.Any fellow Canadians here that can give me a general idea with tax/setting up corp and all for US RE journey?

The paperwork you need should be available online and cost to set up is minimal or free.

With those set aside, do you think the monthly cash flow, cap rate and coc numbers are good enough to make an offer on the property?