What innovative strategies are real estate professionals using to minimize capital gains tax on property sales?

The best bet is have good insurance with the umbrella like you stated.

Exploring the idea and it seems like it could be a good strategy. 

Do you think successful RE entrepreneurs need to chase small time investors money, mentor newbies and write books about their winning strategies in an already over competitive / saturated market?

I doubt your reading comprehension is poor, I bet your sensitivity is high and this got you triggered.

I bet you a beer the "service dog" is a pit bull...

I am looking at the same strategy.

And if so would I be able to do a Cashout refinance like people do with the BRRRR Strategy? 

You might have some luck with a house like that in midterm rentals but you'd have to be willing to really work on your strategy.

Property prices are very low relative to Ontario and am curious if this would be a good first entry level market to invest in with the hopes of high cash-flow and a long term hold strategy.