Most of the information on podcasts and BP is American-centric and not applicable anywhere else (lost track of how many times Canadians investors have insisted they would like to do a 1031 exchange in Canada!).

I attend grad school online with APU (American Public Univ).

I do have a question about taxes on the first flip profits (assuming there are profits)I read that if you flip a property within a year the profits made are taxed as short-term capital gains, at the same rate as ordinary income?

I've been using American Modern but the rates have almost doubled even though I've not filed a claim. 

@Jim DahleIt depends on how you define "debt fund".If you're talking about a syndication that is in the trade or business of investing in debt, generally there will be no difference as the interest will be considered ordinary business income and not interest income.If you're talking about investing in straight debt and you are not in the trade or business of originating or buying and selling loans, there is no simple answer and we're now getting into the complex area of how each state decides to source taxable interest income and capital gains....

Talk to an American C.P.A. that does cross-boarder taxes or your local Chartered Accountant. 

Even the American Institute of CPAs (AICPA) and the Journal of Accountancy recommend doing cost segregation studies.

Americans are facing a long list of tax changes for the 2022 tax year, and smart taxpayers will start planning for them now.

@Sam Tright actually notes are taxed differently that ordinary income you do not pay SS tax on interest.

Thus, the Bureau regrettably remains unaccountable to the American people.”Hensarling said his committee had received numerous complaints about the agency’s new mortgage regulations.