Also, what's a standard commission rate that I should charge if I help my client negotiate a 3 years lease agreement with a prospective property? 

However, you are able to depreciate the building and its’ components.The land value is utilized in a cost segregation study and it is crucial that it is accurate so that it does not result in incorrect depreciation calculations which would open you up to the risk of an audit if it was overstated or you would miss out on tax savings if it was understated.So, we now understand the importance of the land value, but how do we calculate it?

You also have to understand that FF is a lead-gen site only so the guest can't book through FF like they can on the OTAs.

I understand north is more expensive than south.

We're struggling to understand how exactly to do this. 1.

Your taxable gain (based on income) would be $68,500 at averaged (13%) = $8,905I'm not a CPA, but this is a rough understanding of your position - hoping someone destroys this breakdown. 

Put together a proforma and determine whether the deal will cash flow to your standards.

It is a very intricate market for sure and it takes a lot to understand it but with the right team in place, it makes for a great place to grow a portfolio.

That's understandable but you'll be dealing with a call center.  

I read somewhere about setting up US LLC - but I don't know how quailified the person was - my own understanding is for a Canadian to set up US LLC, we will be exposed to double taxation.