It's a retirement account that enables to you invest in whatever you'd like to invest in and the profits are all tax free. 

As long as you report this foreign income on your US Tax Return, then you can use that income to qualify for a conventional mortgage. 

Doing all 3 scenarios here would cost about 1M$ to 1.2M.The numbers are:- Purchase price: 1.5M$- Current mortgage: 65% LTV, 2.55% 30y fixed- Property taxes: estimate 25k$/y- Current rental income from two 1bed/1bath units: 2200$/m each- Previous rental income from the 2bed/1bath house: 3600$/m- Property mgmt: 12%- Quote for garage ADU conversion: 500k- Quote for remodel: 400k- Quote for JADU: 300k- Estimated rental income from ADU conversion: 3500-4000$/m.- Estimated rental income from remodeled house: 5000-5500$/m.- Estimated rental income from JADU: 2500$/m.Concerns we have:- There's no comp in the area that sells for more than 2.5M for a setup like this.

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.

Also, go to the build your team tab to find advisors that can help you with your tax and financial planning.  

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.