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?

Tax implications?

This was a lot that was under contract for a purchase price of $500 and all in closing costs, hoa dues, back taxes, affidavit of heirship fees, was about ~$7300 to close and I used my business credit to purchase.Reason I purchased it was because all other "buyers" wanted to purchase at a super low price point where I wouldn't make any money.

Second, will you owe transfer taxes (that is very state, and even city specific sometimes)?

I believe it would increase overall investment demand with our  landlord/tenant laws being significantly more landlord friendly than CA, property taxes not reassessing on the sale, consistent job and population growth, proximity to Lake Tahoe, and temperatures that are not as cold as Tahoe in the Winter but are cooler Sacramento or Las Vegas in the summer. 

As for expanding, I'm 50 next year and I'd love to be able to retire in the next 5 years.I signed up for Tax-sale.info to see if I can find any bargains in single family homes etc.I prefer to buy and hold/rent rather than flip.

Income taxes vary by person and jurisdiction.

Also you want to stay in the state with zero income tax.. 

A different and, for some purposes, a better statement of the conclusion is that parties will tend to want damages to be the remedy when the reason for breach is high cost (as could only be true for a contract to produce) and would tend to prefer specific performance to be the remedy when the reason for breach is sale to an outside party (as could be true either for a contract to produce or for a contract to convey).Consequently, it appears this piece, while admittedly interesting, has nothing to do with what we are discussing.I have not seen anything to date that indicates that a court would do anything other than order specific performance if the buyer has met his burden never mind considering whether the buyer intends to be an occupant of flip it.Based on the work product produced so far, I doubt I will be retaining you anytime soon.P.S.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).