Beware the Maryland has some of the Highest taxes for income that I have ever seen.I know a high income individual who moved to Pennsylvania and telecommuted becauseof the tax burden Maryland puts on an individual.I am not knowledgeable about "Auckland" and if they fall under the US Federal Tax treaty laws but Maryland does NOT recognize or abide by the US Federal Tax treaty.Google "Maryland Income Tax Rate"  "Maryland Personal Property Tax" "Maryland Real Estate Tax" for target area  check to see if Maryland recognizesthe US Federal Foreign Tax treaty between the two countries.Then calculate your projected time requirements, potential tax implications, risk and reward for this investment.

It might well be that you want to maintain those constraints but IMHO it is at least valuable to recognize that they might be able to be removed.5.

Don't ever use a quit claim in Texas...they're not recognized by title companies here and will cause issues down the line when trying to sell. 3,  The titled owner(s) can transfer some or all of their interest in the property via another deed (special or general warranty deed) which will show how much interest is being conveyed.

I recognize that should the existing tenant move I would have to spend $$ to remodel the interior spaces to maximize rental opportunities. 

Additionally, few people know that Canada and several other countries do not recognize LLCs; instead they will tax them as C-corporations which causes double (or even triple) taxation.

I can see numerous mistakes in your original post and I can also see that you recognize what they are.  

You have to learn how to recognize a deal.

While I recognize that you are not a CPA and that what you write here is nothing more than your opinion and as such I should be getting the opinion of a CPA such as @Jim Kennedy or @Brandon Hall but how should a CPA be booking profits from flips if not as capital gains?

I've heard Series LLCs are not recognized by the state of mass so do we just bite the bullet and setup one LLC for each property or is there a better way out there? 

., cash or debt reduction, without recognizing gain.