Don't make it so complicated.

In case of default, it is a judicial foreclosure, just like what the taxing authorities have to do. 

It was definitely not the most judicious remodel but, a great learning experience. 

End of day, this is what it boils down to at core, remove all the over-complication of it, it's just Product marketing. 

CT is where I am located and for this state it's 5% EMD and the rest no sooner than 21 days but no later than 30 (that timeframe is when the closing process with the seller/borrower will take place)...But since my state has a judicial foreclosure process and every step must be court-approved I just wasn't sure if I have to put down 5% EMD before it gets approved or after(I want to note that the clock for the 21 to 30-day timeframe to close doesn't start until the court approves the sale) 

I am reading about Wyoming LLC's being best for anonymity, but I want the most protection with the least complication! 

I am the only member on the LLC, I am married but I would buy this next property only under my name if it avoids complicating anything. 

I am curious though, if these deals are as sweet as they sound...I’m also curious to hear about the complications of owning/investing overseas?

While there are more complicated ways to measure this, the most practical way if you care about answering the question "how much do I make every month" is just income - expenses = cashflow.

Separately — and this is a more minor gripe — it was complicating my tax situation to pay state and local income taxes in a place I didn't live anymore.I pitched to my parents that I would sell the place and roll it over into a comparable property closer to where I live.