Internationals Investing in the US

[Justin Currie]

Hello BP, 

I've recently found some JV partners here in Canada interested in real estate south of the border. As we'd be doing cash buys (only $40-50,000 properties to begin), I had a few questions regarding taxes:

 - Would buying in the US mean filing a US tax return or is there a way around this? 

 - I would prefer to purchase personally but is there any benefit to owning under a company banner? Tax benefits or otherwise? 

 - Is an escrow account a requirement? 

Obviously I'll be in touch with an accountant for more information but even a little guidance would be greatly appreciated. I want to be as prepared as possible as I plan on making a trip mid August to look at properties. 

Thanks in advance!