It might be worth finding a trusted tax professional who understands your needs and can help you avoid bigger problems in the future.

Then of course there's the IRS this is a exert directly from the site: Federal law requires U.S. citizens and resident aliens to report any worldwide income, including income from foreign trusts and foreign bank and securities accounts.

They also have very rigorous requirements (again test results near or just below the detection levels) for getting a "clean" house.

It can be a fruitful relationship, as if you have investor clients looking for a trusted property manager, we will pay your a referral fee for sending them our way. 

Which the house was condemned and was easy to demo to ground level and build back which would have know mortgage and allow us to save for two more properties cash.

In the upstate, the damage is not like what you get with a tornado where buildings are leveled nor is there massive flooding (like we've heard there is in Western NC). 

Hey John, I’m going to give you a bit of a different answer here, beyond the usual high-level stuff, I think your question goes deeper than something that can just be answered in broad strokes.

Hey Diane, I’d be happy to send over a list of trusted contacts I’ve used for financing BRRRR properties to help you get started.

Also currently it just caters for LTRs.If you can go past the level of detail I would love to hear any feedback from anyone interested, and especially from any Excel gurus, accountants, investors or tax experts out there with a keen eye. 

He has 5 homes in a trust with other properties.