@Jd Martin Hi, I take Section 8 all day, but also accept the need to do heavy, consistent screening of all applicants. 

There are some Canadian banks that have US subsidiary banks or branches (TD, RBC, BMO) where Canadians can get residential mortgages but usually there are substantial restrictions such as only servicing specific areas of the US, having to own the property in your own name rather than a company name, only applicable for 2nd homes (rather than regular rentals), not applicable for multifamily properties, etc..

You can get some great deals by completing the tax deed application on tax lien certificates obtained by the county. 

Oh, and you can't use a sale that occured AFTER the persons application began...a small detail but just wanted you to be aware of it.  

You may also find that one strategy lines up with your goals at one stage of your life and then your goals change where another strategy may be more applicable.  

One person stated, since they don't meet criteria: I see my credit score came in below your minimum requirement2- If they fulfill screening criteria, schedule a tour and then handout Rental Application, if they are interested and after their consent, use https://rentprep.com/ or https://www.myrental.com/ for tenant screening.3-If everything checks out and all good, ask for security deposit, use a lease agreement(addendum) along with RentPrep Move-In-Move-Out-Checklist and lots of property pictures and handover the keys.Is there any other key step or detail which I have been missing?

The loan counts as home-acquisition debt for which qualified residence interest deductions are allowed, as long as the applicable home acquisition debt limit ($750,000/$375,000 or $1 million/$500,000) is not exceeded.Bigger standard deductions: For 2018-2025, the TCJA almost doubled the standard deduction amounts.

Whether the CARES act is still applicable..? 

I knew going into my triplex deal that I’d get 10 applications the day I listed it.

It gives you the ability to pick the best of the applicants because more applicants may qualify.