This is why having strong processes in place is critical.

This is why renting to family or friends is generally a bad idea.

I want to know any and all tips, advice, and of course down sides to this lifestyle. 

You hire tax specialists in every country in which you invest and you have them work together with your tax advisor in the US.What you could do would also depend of your own knowledge of the tax laws in the countries in which you invest.Hope this helps

If I understand you correctly, this is a simple seller-carry situation.

I don't know if credit unions can ever do this stuff?

This along with the time of year does make it slower.  

Establishing the LLC in IL first does not provide any additional benefits in this scenario.

I'm not quite sure how effective this would be.

Hey everyone, Im creating a pro forma for the first time and want to make sure im creating this correctly.