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

That's 50k a year gone and you are losing tax write-offs and equity potential.

There could be local considerations that are tax and inheritance related.Thanks for the reply Ken.

If you continue filing taxes jointly the income you realize from your separate property will still need to be explained and redacted, regardless of the type of entity holding the real estate.

How is it for preparing taxes? 

Zachary,Your concerns about Cleveland are valid—high property taxes and stagnant population growth are definitely challenges to consider.

The same thing you claim on your tax return for your properties.

What's even more frustrating than asking the IRS help desk, is asking a Turbo Tax "Tax Specialist".

For tax purposes, rental income is generally recognized in the year you receive it, not when it is paid.

Enough immediate cashflow to balance out the mortgage, taxes and insurance.