I am needing to attend a Than Merrill seminar to learn more about flips and taxation and rentals, just to see what they have to say.

But YOUR BASIS goes up and when you sell you pay tax at that time.still a little foggy on exactly what they are preaching..

When I ready to add two agents, I will be looking for experienced investment specialists    who is knowledgeable in real estate taxation, depreciation, exchange, and management and someone with atleast a bachelor's degree preferably with a background in business, finance or economics.This is the path I had taken which worked out well for me but  it may or may not work for you. 

Hi there everyone, i am Toronto Ontario, very new to this great and amazing web site BP just wondering if someone knows a lawyer and an accountant in BP community or other web site who is experience in cross border accounting, taxation and setting up entities for Canadian to buy US properties. 

The amount of actual value added that is eligible to be exempt from taxation is as follows: Year 1, 75%; Year 2, 60%; Year 3, 45%; Year 5, 15%.

when it was an REO the bank paid its property tax at $1179/yr (Jan 2014).  

Taxation and Assessments17.

@Diana B.If you will be purchasing property in the U.S.A. while residing in Canada, then before you even get on a plane, you need to figure out your long term strategy (i.e. to you plan to keep all earnings in-country to grow your business or do you need to bring the money home) and the best organisational structure to fit your current situation and help you realise your objectives.If you search Canadians buying real estate in the US here on BP you will find several threads which raise some of the ownership considerations when investing abroad (control of repatriation of funds; taxation; liability, etc).  

In the future, I will probably set up an LLC and use that to hold these, which would reduce the audit risk (even though it is the same business and form over substance) and then elect S corp taxation so not all of it will be passed through as social security/Medicare wages.

To be clear, this is not pass through taxation, this is specifically a fee for the LLC based on the gross revenue of the LLC.Now that being said, I see your title states you live in CA.