Income vs Capital Gain.

Given that I am self employed, a few personal loan options, did preliminary asking about my situation, and they got lost in the weeds with how my real estate income looks so dismal on tax returns.

Rental income and expenses, such as mortgage interest, property taxes, repairs, and depreciation, can be reported on Schedule E of your personal tax return, regardless of ownership structure. 

@Zach Howard there are a few loan types here in the states for foreign nationals, some that require personal income verification and others that do not.

The mountain house has taken almost 2 years of breaking even and using some of the income on improvements until we have been able to cash flow.

From a tax perspective if i am a passive investor how do i stand to gain from deprciation?

Guys - I am a limited partner & invest in a multi-family building passively that was sold resulting in passive gains for 2024.

I'm also working on a Google Data Analyst certification to bring in some extra income while I'm home with our 19-month-old daughter.I'm still pretty new to this, though, and I'm not sure where to start or if I'm on the right track.

@Ethan Slater here's some info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Meaning you get 4-5X the depreciation to defer your income from being taxable.