Loan would have to be assumable from the bank and the buyer would need to meet all the requirements previously met by the seller.  

@Madeline Walsh if you are in the area you should stop in at our monthly meet up.

@Brian Rocha It’s clear why most lenders insist on including rehab funds in the loan, and all of our partner banks follow this practice for fix-and-flip loans to minimize risk and meet securitization standards.

But the rental too does have to meet the "active conduct of a trade or business" threshold, which does mean you wouldn't qualify to use section 179 if you have a rental that is managed entirely by someone else and you aren't at least overseeing it and making decisions about the management of it.I mostly disagree with the reply suggesting that you need to have an LLC to take the section 179 deduction. 

So they need to meet your standards, right? 

I suggest having him complete an application to determine if he meets your criteria.

In this day and age of zoom meetings and working from home, I don't believe there is much of a difference between investing in the US vs Australia if one is based in China.

@Kase KnochenhauerNice to meet you also!

I would like the opportunity to meet/network with fellow investors in that market.

Fourth: even if the entire deduction is available, it results in much smaller automobile deductions in future years and extra taxable income when you sell the vehicle or trade it in.