Congrats on landing a solid property which can be used as a springboard. 

One of my clients recently asked about using the Short-Term Rental loophole for a property in a foreign country (Mexico).

@Chris Seveney - I asked Chat GPT about the correlation between Real Estate Syndicator time spent on social media, and the likely correlation to investment returns :).

Investors will panic.Foreign economies will overreact to tariffs.Our economy will overreact to mean Tweets.But the real money?

That is, your friend is the one who should be speaking to a lending attorney (not a real estate attorney) so he understands what you will be signing and the risks and recourse behind his loan should something bad happen.

Forming an LLC for your rental property can offer liability protection, but no real tax benefit.

Understanding the markets to avoid, what laws to watch out for and selecting the proper strategy that goes with property plays a huge part in this. 

Quote from @Christian Mejia: We recently purchased our first investment property in Florida with the assistance of Rent to Retirement and I just wanted to say it was a smooth process.

As a professional property manager for going on 20 years and a real estate investor, I still encourage people to manage for themselves. 

As long as I buy the right property in the right area, I should be fine, which is what 80% of the analysis does.