From online research and consultation with accountants, there is no double taxation bcuz of a USA/Canada treaty.

There are 20+ CPAs and accountants on this site that specialize in real estate taxation.

Hi - I am trained tax attorney and have a Masters in Taxation so let me offer my thoughts. 

You need to speak with your CPA on this as the BP community is not licensed to give tax or legal advice.Intent plays a huge role in the taxation of ordinary income from a “flip” or capital gains from a buy and hold.

@Andrew PostellThanks a lot for the detailed explanation.One question regarding Taxation though.There was no transfer of Funds from my LLC to My personal name, just a Deed of Trust & Promissory Note.But after the refinance when the Conventional Lender pays of my LLC loan - the funds flow into my LLC account.

Pass through taxation - this avoids corporate “double taxation” and also allows you to take advantage of the 20% small business exemption if you qualify.Because they are pass-through, it also means you don’t have to file a separate return for each LLC, you just report the income on your personal return.

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

There are concerns: US businesses are delaying or cancelling investments due to uncertainties associated with the trade war and the presidential election (new president may propose new taxation on the rich and/or corporate).

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.