But, in the event you really are persuaded that it is important to separate each asset, ensure that whoever is managing the books/monies on the LLCs are doing it 100% correctly as even a small mistake can allow would-be litigants to pierce the corporate veil and render all of it in vein anyway. 

Hi Alex,You're correct about the 2 out of 5 year rule.

You’re correct that simply owning property in the U.S. doesn’t make someone a U.S. resident for tax purposes.

Make sure to gather the correct contact information for your representatives and ensure you grasp their inspection procedures.

In some cases the bankable borrowers conscientiously choose to fund their projects with alternative lender because they  can achieve better leverage, won't have to maintain a set depository relationship with a bank, or they need to settle quickly.

Insurance deductible: This can be deducted in the year the claim occurred, as it relates to property repairs.You are correct that depreciation begins when the property is placed into service, so it should start as of December 26th, 2023.This post does not create a CPA-Client relationship.

But in general you’re correct, SFR don’t lend themselves to “enhanced” ROI opportunities as often as commercial real estate.   

You'll see a lot of landlords struggling with Section 8 renters that don't pay their share of the rent, don't maintain the home, break the lease, act entitled, etc.If you know what you are doing, Section 8 can be a good thing.

Am I looking at this correctly?

Asking in the correct forum will get a better response.Need a spreadsheet or form?