Mortgage payments, real estate taxes, utilities, property management fees, landlord insurance, and upkeep and repairs are examples of fixed expenses.

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).

Deni Baldwin, the tax partner, is more interested in talking about her vacations at her lake house, rather than getting her job done.

If you've lived in that house 2/5 years as your primary residence, you can also sell it tax free up to $250k single/$500k married-filing-jointly. 

It’s taxes are and regulations are lax and the market is going to grow faster then Seattles did.

Of course, nothing is stopping you from selling Rental #1, paying taxes, and then taking your leftover after-tax profit and moving that into Rental #2. 

Concurrently, I intend to construct our dream home on an adjacent 20-acre parcel that I already own outright.I've double-checked the property taxes, and they're not just accurate but slightly on the higher side.

This sounds like a live in flip, which can be a nice way to get some tax free capital (if you live in it for two or more years).

If you bought it for $450K and believe it is now worth $550K (get a realtor to confirm that), think about capital gains and taxes when you sell.  

I’m a 25 y/o Dentist in Canada, thinking of specialising in the US (2 year program) and live in the US afterwards.Any fellow Canadians here that can give me a general idea with tax/setting up corp and all for US RE journey?