Hey Lara just PM'd you, my partner and I work in the Phoenix market.

@Kyle PascualFirst of all I would get out of stock and sit in cash for the short term the Fed as you know just drop rates by 1/2 of a percent last week over the last 30 years anytime that has happened the economy has been in a recession within 6 months and the stock market has had a massive correction.

That could be anything from not accounting for capex/repairs/vacancy in their calculations or a complete lack of knowledge in how to calculate their future property tax obligation (this is a big deal in Michigan).Just the other day I had a call with an investor looking at a 10-unit property in Detroit.

How will the capital gains and rental income be taxed (not just by US, but by Canada as well)?

Do I have to take those also after just taking mine through Lee Arnold?

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

They would just be buy and holds anyways.

When you ask someone who just lost their house, their response always seems to be "we are going to re-build".

It's likely to keep getting eliminated in areas and while a good business for true business people who care about the people, 99 percent are just out for a small check and fail fast.

Having been in the lending space for a while now,  Interest income is not passive - its considered/taxed as ordinary income- just like interest you receive from your bank and savings account.Regarding profit and expenses from a flip, "that depends" on many factors but again if its short term capital gains, its not tax friendly.As always consult with your tax advisor / CPA.