Foreign Investor - Did I make a big oversight?

[Michael C.]

So I've thrown myself in the deep end of Real estate and purchased a couple SFH's. Relatively low cost in the mid-West... I did a lot of reading and due diligence but I think I must have missed something....

I am a UK citizen so an out of country investor. I've setup and LLC and have an EIN and bank account.

I've been doing my research on taxes and an accountant helped me file my EIN but I'm now seeing that I will be charged 30% withholding tax! Can anyone clarify if this is correct? I assume the name doesn't mean I get the money back? Need some guidance as obviously this would destroy returns. =( is there any effective way to reduce this. 

Thank you so much.