Hi all, My relative wants to combine their $500K personal exemption & a 1031 exchange to liquidate their rental properties without paying taxes, but they are worried about missing the180-day time limits for the 1031 exchange, so they want to involve their son-in-law (SIL).

I'm excited about the potential of owning property outside the states, but don't know some of things I should consider versus owning real estate domestically. 

I need to know how to do a "Rent to Own" properly as part of the strategy for this unit. 

We also have relatively low expenses (personal expenses, mortgage/escrow on other rental property, and escrow on current property) that are around ~$120k/year.

@James Enyeart best option is the one giving you the most control.So, see who consider a land contract or lease-to-own.

While both involve shared spaces, the way ownership works is entirely different, and it can impact your rights, control, and future flexibility.Who Really Owns What?

I live in Austin, TX, and own few rental properties.

If a home was previusly owned and lived in by a famous person, does it add much value? 

I have not done it personally but have some insight, maybe my reply may boost your post to someone with more experience in it. 

This was my first time buying a property solely for an investing purpose, and Melissa Justice was the person that I was connected with to help me pick out properties.