@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

Hopefully you have a Checkbook IRA to avoid the red tape and fees of going through the custodian for each transaction.

I have already spent quite a bit on attorney's fees myself. 

Start by talking to a cross-border CPA and attorney to handle taxes and legal structures properly.

Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC (you can elect to have a LLC taxed, as a S Corporation which is a whole other conversation).If you want to close in the name of a LLC, Mortgage Lenders will offer you Commercial Loan Terms (25-30% down, a 15-25 year amortization, and a ballon due in 5-7 years).

These are features like online renter payments, tenant portal (for payments and work orders), help keeping track of work orders, tax reporting features, and accounting functionality.

Another wildcard is that the tax office opened in The UAE a year ago.

You payment is $2,600 plus tax and insurance.

I'd also add to that that you are paying a 20% withholding tax on gross rental income. 

If your bottom line numbers on tax returns and W2 income are not strong however, this will be an abrupt dead end.