Now I am looking to the US market as I believe my Province has priced me out.  

Hi Luc, welcome to the BiggerPockets community!

@Rud SevIt's really your CPA's job to walk you through your tax return.

If they won't allow the property to be built on because of zoning then the municipality could be forced to pay for it as I said because they have in essence "taken" the property through the zoning ordinance by eliminating any viable use for it.

However, if you need a few suggestions with where to start, the following list should get the ball rolling:CraigslistThere are many ways to use Craigslist to find cash buyers.

This allows you to make an offer without a HI contingency which is much more competitive than one with the contingency since you are buying the property as is.You can still get the home inspection after you settle to capture all of the detail items.

At that three year mark the rent should be more than the mortgage.

Quote from @Chris Seveney: Quote from @Keith Wilson: Any feed back is welcome  Have not taken the course but BRRR is basically dead right now due to interest rate environment - so if you take it I am not sure you can implement any training you learn at this time.  

What's the current ARV? 

For this project, that would mean targeting land in the $1.5 million range.