Any time you sell a share of the REIT you will be paying tax on all deferred gain and the depreciation. 

I have a form 8832 but it was submitted to be effective on 01/01/25. 

While it seems like there are some better priced deals lately, you may have to be prepared to put down 30-40% down.I'd say due to the lack of homes for sale, you should be open to many if not most cities depending on the deal that comes up. 

I also am not a US resident and do not qualify for conventional mortgages on my properties in the USA. 

Hey Mark, welcome to the Forums.Wishing you all the best on your journey.

Even a single-family home with a legal additional living unit could work if you can find the right property.Because you want a property that needs work, I would be careful not to take on something that is too distressed.

But of course were running into the same issues as everyone else, finding a property that actually cash flows, specifically when rented out the traditional way with just one person on the lease.

Congrats on your STR in Dallas—such an exciting step!

and they Say, “I have Analysis Paralysis" and "I’m Just Getting into Real Estate" and "How Do I get Started" and so on.

As an initial 15 mins walk thru we didn't realize, we relied on the listing to have been accurate.