Not in CA, they'll recognize this as a commercial property. that comes with different lending guidelines.

I love that you are the author, that's awesome!

That way when you find a good deal, you’ll be able to recognize it.

She'll have to recognize some gain every year.

Even so, I recognize a need to find a mentor to help fill in the gaps and give practical advice to compliment the information I’m taking in.

I realize that the actual closing won't be processed in Germany, and actually Florida won't even recognize the German notary for signature authentication (but instead require the non-US-citizen Seller go to a US Embassy or consulate for notarization), but I'm having some issues with the Seller and am hoping to find a local professional that could work with the US title company already working on the deal, to ensure there's not an issue with language barrier, competency, identity theft, etc. 

I was disappointed that they do not even recognize any responsibility that they have after signing the lease, and are not willing to pay for both (rent and mortgage), since they want to buy a house.

In fact the value you get for your money is almost redicolous compared to what you would pay a lawfirm, because the documents are written and updated annually by attorney Tristan Pettis, who is the authority in Wisconsin and also involved in dafting Wisconsin landlord tenant legislation.

And the gain is not recognized or tax triggered until there is a sale.

@Angela P.You need to buy atleast the value that you sell.The value of the replacement property appears to be less than the 3 properties you are selling.You are either going to recognize a gain or have to buy more replacement property for it to be fully tax deferred.