Arlen Chou you bring up a great point on taxation.

Everything else - start with a consultation from one of real estate taxation experts.

Article from today —Almost 50 percent more potential homebuyers from outside Arizona searched for houses in Phoenix area during the first quarter than a year agoAbout 23 percent of out-of-state buyers looking in Phoenix were from Los Angeles during the first three months of this yearDenver residents’ top pick for moving was Phoenix—Metro Phoenix draws homebuyers from LA, Seattle and Denverhttps://www.azcentral.com/story/money/real-estate/catherine-reagor/2018/07/15/metro-phoenix-draws-homebuyers-la-seattle-and-denver-home-prices-household-income-redfin/772863002/

@Robert Raffalo You should get on the JWB mailing list, they will send you a list of all the people they help each quarter, new owners.

The only way to achieve this outcome would be to elect C Corp tax status, but now you have the problem of rental real estate inside of a corporation and expose yourself to double taxation. 

It lays out on a quarterly basis, capex budget and cash flow.

Thx, Dave sure thing if it coincides with one of my trips there I go every quarter I have 14 new builds in different stages so I am there often and have a pretty good feel for the city.. 

Also I don't need a tax shelter because I live abroad and earn less than the threshold amount required for taxation. 

Zillow estimates $840,000 now but they have done A LOT to the inside and yard so for safe measures I said $900,000. its a 3/2 1900 square feet about a quarter mile from the beach in Oceanside, Ca.

But if I were to raise money for a sfr, or small multi family, could I not just form an LLC and have the silent(money) partners own a percentage of the LLC and cut them a cheque quarterly from the cashflow.