Are there particular cities (in the US especially, but also worldwide) where cash buyers flock to?

@Francene IaizzoFlorida does not have a state income tax so you are not required to file an individual income tax return with Florida.As a NY Resident - you are required to report worldwide income which includes your rentals in Florida.Will the LLC you create have one member or multiple members?

You will be reporting world-wide income on your CA return which includes your investments in MO. 

I know that this is no different, depending on the disctricts or the class of the neighbourhoods, however, when the total population of a region with around 300x100 miles is around 440K people, its hard to understand these variations.Also, because the place is small, we have investors and buyers coming from everywhere to buy everywhere, but with the huge differences in income between the people living in the big cities (Lisbon, Porto) and the rest of the population, its EXTREMELY hard to find deals.Also, i think this happened worldwide, construction prices spiked and, being small and not having that much competition, it makes it very hard to get competitive quotes... so even being small, there's a shortage of homes...Home owning is very encouraged here in Portugal, rentals are not that popular.

For those of us who are Canadian tax-residents and own US rentals, it looks like it's not in our interest to use the 1031 exchange either because of CRA's claim on worldwide income and double taxation:Section 1031 Like-Kind Exchanges for Canadian Residents - Altro LLP (altrolaw.com)"As Canadian residents have the obligation to file and report their worldwide income to the CRA, they must report the sale of U.S. property on their Canadian tax returns.

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

You may be required to file a CA LLC return(Form 568) where they have a minimum tax of $800.If you live in CA and have a rental property in Illinois - You will be required to report the rental income in California because you are a resident of the state and required to report worldwide income.

Whether you agree with it or not it can be solved in 2 to 3 years world wide.

ditto comment about eXp as we have 86,000 thousand agents worldwide that we can connect with immediately for referrals!