Hi all, EU based investor here looking to do flips and buying rental properties.If we form an LLC with a mix of resident and non-resident members, will FIRPTA apply?

@Teresa MengFile a complaint with your state Contact a local beat writer to see if they will pick up the story if the above is true try and bring as much attention to the situation.Most threaten lawsuits but never will go through with it especially if they did not fulfill as it would lead to discovery and could bring up more problems for the sponsor

If that's true, then what benefit does the property loss from the previous years even provide (if you can just avoid capital gain by buying another house immeditately)?

If it is too good to be true, it likely is 

I explained how that was not true by state law and provided them with a blank seller's disclosure form they could use.

True, it is way cheaper than having it professionally done, but just be prepared for the whole process to go at a snail's pace.Wes

Once you take over operation of the system, you will be required to keep it running (by the County Govt)You're losing money already and you don't even have all of the true numbers.

Seems really, really unlikely to be true. 

For top-notch PM here in Cincy, get in touch with Samantha Fedor with True Home Management:@Samantha FedorHer contact info is on her BP page.

This is especially true if you're actively involved in your rental properties.