The tax savings will be around $8,100 per year or $680 per month at a 20% tax bracket.

Because high rental yields, tax free income, and stable market. what do I have to learn first to start investing on Dubai's rental properties? 

Make a buy at a Nebraska Tax auction on just the taxes.4.  

Don't forget to add fringe benefits such as health insurance and also payroll taxes, etc. 

I do have preferences ie close to beach/lake, no state tax (limited but if possible). 2.

That might create some tax issue/book keeping complication.If @Brandon Hall is around, he may be able to clarify if this transferring of funds is a nonissue or a big deal.

@Loren SouersI'm going to lead with the suggestion that you consult a tax professional and an attorney.Generally speaking, you can put a rental property in a revocable living trust, which can help with estate planning and asset protection.

When I die, they can keep renting out the properties or move into the SFH, or take the step up basis and sell it with not as high of a capital gains tax hit (I hope they wouldn't choose the 3rd option).

Their cap rate is based (among other things) on the current property taxes that they pay.

hey @Matthew Toporowski, at the least I would check their financials/tax returns to see how profitable they are (which translates into how easy it will be to pay your rent).