Money has to come from somewhere so where will it come from.issue will be if they increase sales tax it will be regressive tax as those who rent and don't own and have low wages will still pay more for everything.

I am in California and completing my taxes on Turbo Tax (as I do annually).

I've met some very highly specialized experts in low income tax credits, corporate accounting and tax, as well as tax resolution. 

The best combination in my opinion to have your real estate agent income in an S corp to reduce personal income tax (as long as it financially makes sense) and then buy real estate and cos segregate it and take bonus depreciation to offset against your income. 

Considering that my parents and I are not Canadian citizens it adds an additional wrinkle to things as they or I are not able to claim this as the primary residence and avoid the capitol gains tax... a lot to consider and think about.

Because the property tax as a non-owner occupied property is about 3-4 times the amount of a owner occupied property.  

But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).  

Since it is a sub-to deal should I use Turbo Tax, a general CPA, or a CPA specialized din sub-to?

Do you guys factor property tax when looking for deals?
Obviously the answer is yes when it comes down to the cash flow, but I am particularly wondering if HCOL/high property tax areas are places you would cross off t...

I understand where you are coming from as we always did our taxes on turbo tax as well until we purchased rental properties.