The selling agent informed us that the taxes are $97 per month for this year.

.: $125 per month, but I assumed 10% Capex+Maintenance: 5% (Assumed this since the home was recently rehabbed and all major items have 7+ years)Property tax: ~$5,000 (Could increase in the future; not sure)Insurance: ~$600Cash flow: ~$250 per month (while not huge, I expect some appreciation)

I have a four unit and need help filing taxes.

Am I exempt from capital gains tax since I have been living in the house for more than 2 years consecutively or do I have to also own the home for at least 5 years to get qualify for the exemption?

Personally, I know a LOT of people are expecting cuts to start happening in June but with the spring market being hot here in Winnipeg and with the recent carbon tax increase I could see inflation staying high forcing the BOC to keep the prime rate where it is.

It's crazy how many tax benefits there are to investing in RE. 

Does that mean net cash in your pocket after interest, taxes, principal, insurance, repairs, maintenance, credit card fees, etc.?

Investing in the US is a bit unique for us as we have to manage the tax relationship, but the returns are much better than I’m seeing in Canada and have focused my attention here.

I would love to keep the home for many reasons - potential appreciation, landlord experience, tax benefits. 

We get a lot of CA investors in our market here in Tahoe Reno, NV that are looking to 1031 exchange out of CA and into Nevada for the lower property taxes and no state income tax benefitsCarlan C.