I would rather advise OP to run numbers and see if the deal makes sense using conservative estimates.

Hey Jeffrey,This post is many years old now, so I'm sure the OP figured it out by now.

@Connor Feistadmittedly, I didn't read ALL of the thread, but it just doesn't make sense...Between OP and recent response (5% purchase and say current value 500k), there is 100k of equity left over not counting any amortization since I don't immediately see how long you've had the property. 

Typically speaking, Flip candidates will be in the burbs 10-20 min away from the downtown city center point.This would include (in order of highest avg price and appreciation (which is around 9-12%); Johnson County KS (Overland Park, Leawood, Shawnee, Merriam, Prairie Village, Mission, Roeland Park,etc) Parkville, Lee's Summits, Blue Springs, Liberty, Northland (Staley and Oak Park HS district in Particular)That being said, there are many prolific flippers with strong relationships with wholesalers who swoop up anything worth a damn pretty quick.All of these 'A' markets are often 'fed' by tertiary markets further out in the metro (30-45 min from the city center point) and other desirable markets further out from the metro (OP fed by Spring Hill and Olathe, Liberty fed by Excelsior Springs, Orrick, Richmond, etc, P and then standalone markets of Excelsior Springs, Platte City, Kearney, SMithville, Weston, etc...I am less familiar with standalone cities in the south, but these would include Raymore, Louisburg, Peculiar.For flips though, its all about purchase price, and most of the wholesale (and a few on MLS) deals that I see that would be good flip candidates due to entry price mostly exist in Independence, Raytown, Gladstone, Grandview.Areas to avoid are in the city center.

The OP should have offered cash-for-keys but likely he didn't know about doing something like that (this was his first post).

@James Hamling The OP started with this:I would like to build new houses to rent.I'm unable to do any of the labor and quite a bit short on cash.Does that still work in your world?

Favorable dividend withholding rates may be achievable with the US-Canada income tax treaty for members taking distributions.Strongly suggest OP add a Canadian CPA familiar with investment in the US, and a US CPA familiar with international taxation and investment relating to the US, and have everyone working together to achieve the optimum tax strategy.

I have experienced exactly what the OP describes…We had an STR that operated legally as an STR for 24 years (in Mission Beach) not get selected in the recently enacted STR lottery.  

If you are holding a few single family homes, some PM's will not touch it (even if they are Class A).The company I work with in Cleveland runs ~1000 units so qualifies as 'big' as defined by the OP.

The OP a US Marine.