Thanks for the shout-out, @Evan Polaski.There are other risks here--first is this can't be bought at a 4.5% cap rate, or any cap rate, for that matter, if it is a new-construction lease-up. 

Thanks!

Thank you!

Thanks all for the responses.  

Thanks.

Thank you!

Thanks for all the guidance!

Thank you! 

Apparently double taxation is one of the biggest hurdles for cross border investing.I would really appreciate some sound advice about this, and if anyone knows someone who specializes in US-CAN cross border tax laws, please let me know.A big big thanks in advance.

@Jordan Blanton Thank you!