Having the space vacant relieves you of having those uncomfortable convos with your tenant, not being able to schedule showings at times convenient for a Buyer, etc. 

Do note that when the corporation one day decides to return money to the foreign person it will be required to make the FIRPTA withholding and pay its own taxes on any income the property generates.Individuals can also complete Form 8828-B for a withholding certificate relieving the seller of the duty to withhold FIRPTA.

After YEARS of this, the entire house had a 3-4 foot pile of empty beer cans with a path carved out for walking to the kitchen, living room, bedroom, and bathroom.

Unless you are confident the PM is going to foot the legal bills in the event of a willfull misconduct situation, you are in for a rude awakening. 

Becoming an assistant first sounds like a great idea, can get your foot in the door and help understand how things work. 

$600000 will build a 1300 square foot SFR with no pool no ADU.

I have a 2400 square foot warehouse located close to The Woodlands, TX.

Starting out with something turnkey that will cash-flow is an easier way to get your foot in the door.

And a 60-120 year old building, which sooner or later will need $50-70 per square foot in rehab.

And by going 50/50 on a property that I have worked so hard for, and have all of the risk in, feels like I have shot myself in the foot.