The US taxes global income which dramatically increases the reporting requirements.

If you don't have the relationships, hire someone who does.This is why Brian Burke can go “large corporate” while I have to stay “small private”; he has the ability to MANAGE PEOPLE that I do not.  

There is no current tax on rental income and capital gains.

Every where you turn there are STRs going up on the market fully furnished because they couldn't pay the mortgage and bills with the rental income. 

Im doing it more for the love of learning the process and to make a side income.  

While we don’t have state income tax here we do have the hurricane tax that comes with high insurance premiums and little real insurance benefits/help when it’s needed.

If I read the story correctly, your client did not report rental income.

I always recommend to make even a little passive income from a rental after all your expenses, lets be honest you put a lot of effort into this rehab so you should reap a little return.

Jaycee, it will likely be personal income with other money coming from a lender.

If you don't have enough to invest locally can you increase your income and savings to be able to invest in 6 months or a year?