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).

You would have had to be there for at least that to save on the capital gains taxes (up to 250k). 

Credit Rating/Bank Statements/Tax Returns: Specify your requirements, if important to you.Purchase Criterion: How do you define a good deal, which will be profitable for your borrower and safe for you?

@Shawn Smith we've got several clients from Toronto and also Vancouver.So, we've got referrals for experienced tax attorneys, CPA's, etc. for Canadians and foreigner investors in general.What are you purchase criteria?

@Steven HsuBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Closing costs - you will have to pay taxes/stamps etc. typically as a seller.4.

If you're new to investing, keeping an eye on property taxes and HOA fees in this area is also key. 

Some might not be livable at purchase but 5k still seems cheap unless there is something off with the data. maybe the prices were reduced on unlivable properties due to back taxes being part of the deal for the purchase.

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.  

If you need financial help, ask under the "Finance, Tax, and Legal" forum.