Zero capital gain tax, next to zero income tax, property Tax is super small.  

So you have this shadow plat underneath a 10 acre lot The county assessor since its all one ownership would just show the acreage and no individual lots IE not give them apn #s so if you were looking at the county assessor maps you would just see this 10 acre lot..

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

Someone can be a brilliant tax person but horrible to work with, and also vice versa. 

Additionally, high-income earners with modified adjusted gross income (MAGI) over $250,000 (married filing jointly) may be subject to the 3.8% Net Investment Income Tax (NIIT).For 2025, bonus depreciation is at 40%, so consider leveraging it for eligible property assets like appliances or fixtures to accelerate deductions.

Bear in mind that the fiscal treatment of the two options in Mexico is different (withholding tax on the gross income with the fideicomiso vs cost deductions with the corporation).

Are you able to use it easily, only with a HELOC.If you lose your tax deductions, then Uncle Sam is happy to take more of your money each year.Good Investing...

A common mistake in my area is to ignore Hotel Occupancy Tax.

Specifically:Will the lender only consider the rental income from the two legally zoned units, even though all three rental incomes are declared on your tax return?

Tax and Legal ConsiderationsUnderstand the tax implications and legal responsibilities associated with rental income.