No one would buy a house there except for an investor.  

Hi Kevin,We're happy to compete for your business. 

I also only reach out once or twice a year for hypothetical advice.  

It’s creating some great opportunities for those ready to make a move.

Franky,You would use a Foreign National or DSCR loan for buying a property in the US while in Canada. 

Hello @Sarah Kensinger and sorry for the delayed reply.

Taxable income is not cash flow.There are a myriad possibilities for taxes.

Will you please break that down for clarity at a newby level?

But @Wesley Wilk if you havn't done this type of rehab and you are not a real estate investor (so this is your first go) then I would not take something like this on.You'll need to learn real estate investing first, then embark on strategies.Ironically, I called myself a real estate investor for a year before I bought a property.

For future tenants I would include in lease verbiage around listing property for rent prior to them moving out so you have time to market the property.