Thanks TimWienekeThat's a good idea but I would like to believe there is someplace on the world wide web where one can get or purchase reports ready made.

Those were the days; the days of loose lending practices, that fired up a lot of gamblers.

Well maybe they do, but if they try to walk out of the store with a cart of groceries the theft is much more obvious.Mike's statement reminds me of a classic gamblers joke.

I would recommend that they list as will ship to Worldwide rather than USA only.

Investors worldwide know this and it sort of snowballs a bit perhaps off that too.

As a Canadian, we have to pay taxes on all our earnings worldwide.

My concern is that this might be at a very top level.LLC’s are a different story, where residency is important.Since you reside in CA, you will be taxed in CA on world wide income.

@Frank GrecoWhile Florida does not have a state income tax; New Jersey(which I assume is where you live) does have an income tax.As a NJ resident; you are required to report worldwide income which would include the income from rentals located in FL.Having an FL LLC or a NJ LLC that registers in Florida will not change the above scenario.The good thing is that rentals often report a tax loss as a result of depreciation; but this is something to consider when you run out of depreciation and mortgage interest which may put you in the taxable income territory.

The short answer is...I'm not taxed differently than a resident except that I need to consolidate all of my worldwide income and tax deductions and then pay tax on the remainder. 

Everybody I know who's making real money in this is devoting real time to it, while a lot of casual gamblers and dilettantes are giving turnkey companies and property managers their money and hoping against hope that nothing bites them in the butt (and that never works in real estate).