I'm getting bled dry.

If a $1mm property is depreciated halfway down to $500k and then exchanged for a $2mm property the basis in the new property should be $1.5mm for the $500k carryover basis and the $1mm excess over the original property. 

After that I would compensate them hourly if for some reason there were an excessive amount of things for them to handle during one month.  

Hi,As I understand, the inheritance tax that a foreigner has to pay to inherit a property from another foreigner is 40% from the excess in the market value of $60k of the inherited rental property located in the US.To mitigate this low exemption compared to US citizens, I am thinking of establishing a general partnership.

Then sell, buy a duplex and combine any excess proceeds with your other savings to buy a second rental. 

All that money from visitor spending and taxes will just dry up and blow away. 

I’m starting to wonder if that’s excessive

I'm sorry not to get anybody excited, I'm specially talking about Alabama (Jefferson County to be more specific there was a lot of talk about changes in excess bids of Tax Delinquent Properties and they had a lawsuit judgement in 2007 and the county lost $28 million case for excess over bidsJust wanted to know if all s still the same with the Jefferson County Alabama allowing 15% of the value of the property to over bid the taxes owed and receive 12% int. on their entire investment when property is redeemed .Blessings to all,

Its a very cut and dry explanations for how to apply for, and run a, STR.

Anyone else is going to bleed you dry with a smile, and the manager who believes in you is also going to do it...but out of stupidity.Don't make this deal or others like it because you can't wait to be a success.