Basis 525K Cashout 725K We are owed 200K due to personal funds investedWe want to purchase 2nd homeQuestions:1) Since our basis is less than cashout, will we owe taxes or can the money owed us be used to offset difference?

Add thoughtful touches like a Keurig or French press, USB chargers, and local travel guides.

However if you have no credit history in the US, be prepared to put at least 30-35% down at a higher rate. 

*Mic drop...

If we bite off people’s heads when they admit disaster, it suppresses legitimate issues with these techniques.Just for context there is a lot of history with the OP and some of us on here going back years (like the thread I linked to above from about a year ago and several others if you use the search function with his name) with him minimizing the risks of how he was structuring these transactions and some of us being cautionary, warning him that exactly what happened here could happen, which made him defensive and dismissive. 

Mind you, with mortgage interest rates in the US being so much higher now (and seemingly for the foreseeable future), I wouldn't be surprised if LTRs in Europe would cash flow better than in the whole US nowadays (to be verified).This being said, I don't and would never invest in LT rentals outside of North America  as I wouldn't want to face unfavourable landlord/tenant laws as a foreigner.

I've tried to glean through the past several years of posts in this discussion and could find a situation quite like mine.March 2018 my wife and I formed an LLC with both of us being members.

Offering a smart TV with streaming services, USB chargers by the beds, and premium bathroom toiletries are also great touches that guests love.

Ok so I thought $1250 for a 3day course, (a usb which did not work and still waiting to receive a new one after emailing back and forth for a month now-they did however let me access it online instead), I can handle that.

Quote from @Mic Salvador: Hi BiggerPockets Community!