Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

What is a storm rips through and trashes the roof, BUT the condo project does not have enough insurance coverage to fix it, the value of the all the units in the project just went down. or, even if they are able to fix it but  the coverage premium doubles so the HOA has to double the monthly HOA dues but half the complex can not afford it? 

Now that you have the property purchased in the way you did, what are you looking to fix with an LLC that owns the property?

Welcome to the community and be ready for a huge amount of information at your finger tips.

It really depends on location, quality of home features, amount of privacy for renters/members, and competition.

Investment Info:Single-family residence fix & flip investment.

Sounds like a lot of moving parts and hoops for the amount of tax savings, but that's just my risk/reward profile speaking.

The last property I sold I countered with 1) the buyer’s inspection is a yes/no within 5 days, no discounts will be given. 2) they asked for $5k off and I countered with I would discount up to $5k but the amount of the discount is the amount of EMD that is non-refundable.

If it’s over $250 they should call you for approval otherwise just fix it.

There are a huge amount of US ex pats here no need to really learn Portuguese etc etc.