Capital gains realized by nonresidents on the sale of Portuguese property are taxed at a flat rate of 28%.

I’ve focused mainly on Florida but have also looked at options in Sacramento and other slightly more remote locations in CA.While I’m familiar with value-add strategies (ADUs, renovations or storage rentals), these seem like heavy lifts for modest gains.

@Kyle Cross, correct me if I'm wrong, but I think maybe what you're getting at is potentially pitching to your parents that you would like to take a shot at personally managing the units to gain experience and some form of compensation.

From a tax perspective if i am a passive investor how do i stand to gain from deprciation?

Over time, as you gain more experience and capital, you can consider expanding into multifamily properties once you've built up a solid foundation in real estate investing. 

Quote from @Earl Gaines: Quote from @Gordon Middleton: Hi Andria, I'm underwriting a boutique hotel deal in the Berkshires NY right now.

Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.

A friend of mine invested in one last year—apartments upstairs, a small coffee shop downstairs - and the combination of income streams made it a steady performer.Scaling with a 1031 Exchange:While not applicable unless you sell a property, planning for a 1031 exchange could help you scale quickly while avoiding capital gains taxes.

Have some real estate under my belt but looking into Short term rentals opposed to long term rentals.Wondering if there is a stand out book to read to gain understanding for Australian Short Term rental market/AIRBNB.Also if there is a specific group for Australians and short term rentals for Australian market/Australian tax system etc, do point me to that.Rod

Would the LLC need to prepare a partnership return for the dividend income and capital gains?