@Zachary Beauchesne --To find private lenders, either go to your local REIA meetings, search on BP, or reach out to the American Association of Private Lenders to see who operates in your area.

Earning interest is like earning ordinary income.   

Rich Dad Poor Dad is American, so he's definitely referring to their system when talking about the tax advantages of buying through a corporation.Buying in Canada does seem more specific to your situation, but I'll try to share the overall themes I've discovered (and people are welcome to correct me if I'm wrong on any points).

Does american West provide any services for the pinellas county area?

It's real estate so you can negotiate anything but it's not customary and things out of the ordinary mean that fewer people are interested in going along with it.

Ordinary and necessary are the key words...If it passes that smell test, then we have to examine personal vs business use.

There's ordinary and passive income. 

Investment Info:

Single-family residence other investment.

Purchase price: $139,450

Cash invested: $20,000

Sale price: $191,500

1st Flip - Purchased a foreclosure before getting into real estate....

I'm from Israel and I want to ask if in case I haven't American citizenship could I get mortgage for financing my first property purchase?

Mortgage underwriters assume by default that "depreciated" expenses are one-time and extra-ordinary, and as such "add back" the number to your income without even requesting any supporting documentation at all.I'm not telling you what's "right" or what the tax code says or what is reality (I'll pass on the debate, too), I only know how underwriters following the Fannie Mae guidelines (where the best rates are to be found) view it.If Sally and Billy are otherwise identical, but Sally "depreciates" as much as her tax pro says she can, while Billy writes everything off as a "repair," Sally will have a crap ton more Fannie Mae "mortgage qualifying" income.