In any case, I doubt many people on BP would want to buy properties in Switzerland given the very low returns that can be achieved there.

.- Plan: postcard-size tax returns.

Loopnet any deal older than 12 months, Tax GIS consistently late or 6 months past due, any property that changed hands thru probate after 12 months, Texas property tax sales land only not at auction just offlist properties, etc7.  

What do you file for this "income overseas," do you file SChedule C self employed on your personal 1040 tax returns ?

I’m all for value-add and if you need to pull cash out to get another deal that makes a higher return then how much you pay for it, sure, but I think you would be better off selling it and starting over.

Most DSCR programs will not touch you if you have a mortgage late in the past twelve months. 

They used to have a lot of great education, but haven't seen those ads lately.

However, it increases costs and administrative work, like filing fees and bookkeeping.Tax-wise, LLCs are pass-through entities or disregarded entities, so profits and losses flow to your personal return, but managing multiple LLCs complicates filings.

Without this, it’s tough to calculate a realistic cash-on-cash return or DSCR (Debt Service Coverage Ratio).Condition of the Property: Are there any deferred maintenance or capital expenditures needed in the short term?

There's some connection you have to this person with money who is looking to invest it short term and collect an x% return.