Yes, this is an unsexy option and it doesn't offer the same tax benefits, but you would benefit from reduced volatility (so long as you don't obsess over fluctuating stock prices), greater liquidity, stronger management teams and superior assets.

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

The big advantage is having the capital gains spread out over many years to avoid a huge tax bill.

As U.S. citizens residing in Europe, we are required by the local tax code to hold the property in our personal name.

., I left Anderson for a small firm that will do the actual taxes and then another company that specializes in tax strategy. 

Tenants will prioritize their debts based on reprocutions. 

In other words, your renters have covered a majority of your costs of ownership this year, including covering your debt, and you have to put some additional money in, which raises your cost basis.

Do I just have to go by the actual numbers like revenue from last owner and taxes?

If the floating rate debt starts costing too much and there is no capital to replace a rate cap, reserves run out.